Esperanza Y Progreso 3 Group
In the morning, Juana makes and sells bread to her local community; in the afternoon, she sells clothes. With this loan, she will purchase both men and women jeans, underwear, firewood and ingredients for making bread. She has been in the business for as long as she can remember, always working as the hours in the day permit. Juana’s situation has pressured her to become the hard worker that she is. She is living as an immigrant, learning a foreign tongue, and is single mother raising four children. She hopes that with her profits she can one day buy a horse and a cow.
Please strongly consider lending to Juana and her group. Esperanza thanks 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