Jehova Es Mi Pastor 1-3 Group
Prior to 2006, when she was still not an Esperanza client, Dernita realized that a lot of the time when she found herself out of money to re-stock she would borrow money from local lenders. The local lenders charge a 20% interest rate per week! Esperanza charges a 2% declining-balance interest rate every two weeks, 4% a month. Esperanza also helps its clients with complimentary services such as savings account, medical and life insurance, literacy courses, and business management training, just to name a few.
Please strongly consider loaning to Dernita and her group. She deserves a fair interest rate and an opportunity to grow her business. Esperanza thanks you for your time and consideration.
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