The women of San Fernando are an excellent and hardworking group. Its members are hardworking and active women, in addition to the fact that they already have done 8 cycles of loans. María Guadalupe is an honest woman who is 54 years old. She has 3 children, 2 who are already grown up (ages 27 and 30), and the youngest is 16 years old. María Guadalupe works in sales. She has a grocery store and wishes to improve it. She will use the loan to further stock the grocery store and add sales of perfume and accessories. She wishes to expand her family business for the benefit of her children. She tells us that she feels very proud of the group that she belongs to, since they are all very responsible people.
Las Chicas de San Fernando son un grupo excelente y trabajador. Sus integrantes son mujeres trabajadoras y activas, además de que ya tienen 8 ciclos con su crédito. María Guadalupe es una mujer honesta de 54 años, tiene 3 hijos, 2 ya mayores de edad, de 27 y 30 años, y el menor tiene 16 años. María Guadalupe se dedica al comercio, tiene una tienda de abarrotes, y desea mejorarla, el crédito lo usará para surtirla y además agregará venta de perfumería y accesorios. Ella desea ampliar mas su negocio familiar para beneficio de sus hijos y nos cuenta que se siente muy orgullosa del grupo en el que está, ya que todas sus compañeras son muy responsables.
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.