Nuevo Por Venir 1 Group
With this new loan Maridanes aims to continue growing her business selling bedspreads and shoes. She plans to do this by purchasing more in bulk to obtain a better price. In addition, she has identified a need in her community for someone who sells eggs and lentils, especially around dinner time, and she will begin stocking both items.
With the increased income that she expects, she hopes to improve both her floor and her roof as well as to one day buy the house she lives in. Additionally, she plans to invest in her children through education and proper nutrition in the hopes that they will one day be doctors or engineers. She thanks you all 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