La Nueva Esperanza 1, 2, 3 Group
There are three representatives appointed for each group of five entrepreneurs: these are Fior A., Lesbia A., and Rafael A..
Fior has two children, ages four and eight. She sells breakfasts and lunches at a small cafeteria and will use the loan to buy the food items she needs in quantities large enough that will allow her to cook more portions per day.
Lesbia has a small repair shop where she sells parts for cars and motorcycles. All her children are grown up: the youngest is 18 years old.
Rafael sells clothing, which he buys in bundles and sells in his home. He will use this loan to start a new sales endeavor: he wishes to buy pork to sell in order to make a daily profit that will balance his more unpredictable clothing sales, which do not happen every day. This is important to Rafael because he needs to make sure his youngest child, now three months old, is well taken care of.
The three are united in wanting to expand their businesses and each of them has the short-term goal of setting up stores for their activities. Their common dream is someday to own a house.
Please help us to support the hard work of these entrepreneurs.
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