She is not alone in her increased profits. The Geruzalem Group, of which she is a representative, is made up of 14 other male and female business owners. Many of the members recount how they were not working and dreamed of creating a business for themselves, but never had the funds to do so. The loan they received enabled them to do so.
Judine, who sells fruits, vegetables and live animals in the big city, looks forward to further growth in her business and her area. On behalf of Judine, Geruzalem, and Esperanza we thank you for you for your support.
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