Arcoiris Group 2
With this loan she plans to buy two massage machines that would help her avoid unnecessary strain on her hands, so she can have more sessions per day. She would also invest in massage lotions and ointments to sell which boost her income. Through Esperanza, Marcia plans to take marketing courses in order to become a better businesswoman.
Through the additional income from her business as a result of this loan, Marcia hopes to be able to pay for her son's college without it being such a huge burden on her household. She also hopes to begin to save part of her income so her eldest son can study abroad in Japan in a year or two. One of her dreams is to open her own aesthetic center, where she would have others work for her, and only attend lifelong customers, while she manages the business.
Marcia will share this loan with the other members of her group.
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