Las Chicas de San Fernando is an established communal bank. Its members have made their payments on time for the seven loan cycles they have been in business. María Guadalupe, 54, is a mature, married woman with three children, ages 29, 27, and 15. She sells catalog merchandise. Previously, she had a grocery store that she had to close for personal reasons. Now she wants to restock it, and the loan will help her fulfill her dream to reopen the store.
Las Chicas de San Fernando es un grupo antiguo, sus integrantes han sido muy puntuales en día y hora con respecto a sus pagos durante los 7 ciclos que tienen con la empresa. La señora María Guadalupe es una mujer madura de 54 años de edad, es casada y tiene 3 hijos de 29, 27 y 15 años. Ella se dedica a la venta por catalogo; anteriormente ella ya tenia tiendita de abarrotes, pero por causas personales la tuvieron que quitar. Ahora ella desea volver a surtirla y el crédito la ayudara a cumplir su sueño de iniciar la venta de abarrotes de nuevo.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.