Wilner says he “mixes it up” with a variety of products selling mostly bamboo, vegetables and charcoal. He is happy that he could buy his tools outright and invest more in his business. The larger investments has given him increased profits, which in turn allowed him to help his family by saving ~ USD35 (1400gds). Wilner says, “Though things are hard, I’m thankful for the assistance. I hope to be a good steward over what has been given to me and to see it grows in the future.” Wilner and Esperanza thank 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