Esperanza 2&3 Group
Despite these obstacles, Antoinet remains confident that her future will be better, and she has come to Esperanza to request her first loan. With this loan she plans to purchase yuca, potatoes, beef, chicken, salami and other cooking items to open a comedor (cafeteria). She hopes that this business will provide a regular income for her family. 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