Mujeres Del Futuro Group
Agapita runs a small grocery shop from her home. There she sells a wide variety of raw foods, including plantains, tomatoes, and a variety of meats. She will use the loan from Esperanza to buy more food and expand her business. Ultimately, she plans to purchase a motoconcho, which is a cheap motorcycle. This transportation will help her transport her goods to a market where she believes that she will be able to sell a great deal more than by selling only in her quiet neighborhood.
In addition to improving and expanding her business, Agapita plans to use her increased earnings to improve her home and take care of some of her health problems. She would like to install new windows because her house is too dark during the day. Additionally, Agapita says that she has recently experienced a great deal of tension in her heart. She would like to buy some medicine to resolve that health problem. Your loan will give Agapita the means to run a successful business and subsequently improve her life and economic situation. Thank you for reading her story and for your 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