Guerreros Para Cristo 4 Group
Luis B. is this group's representative. He sells clothing for a living. In most cases it's better for him to go to La Romana or other large towns to sell on market days. He will use this second loan he's receiving from Esperanza to buy fresher clothes to sell during the summer months. His dream is to have his own large boutique and own a house where he can live with his family.
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