Las De La Unidad Group
María Angélica is a 33-year old woman. She is married and has 3 children who are 8, 13 and 15 years old. Two of them study. In addition to being a homemaker, she also makes a living selling flour tortillas. The loan will help her buy a griddle in order to cook them faster and more easily, since the process was very slow with the stove on which she was cooking them.
María Angélica would like to grow her business and in the future have an established store and a car to get around better.
This group is very responsible, but above all very punctual with their payments.
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.
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Success!! The loan was 100% repaid