Luz Y Progreso Group
Mirlanda first came to Esperanza with the goal of starting a business and she is now on her third loan after having succesfully repaid the first two. She will use this third loan to reinvesting in her business by purchasing a display case as well as additional accessories to sell: necklaces, gold chains and earrings.
She plans to use the increased profits to purchasing various things for her family, including: animals to be raised for food and tools for her children's educatoin - books, backpacks and a computer. Her long-term goal is to finish repairing and improving her home and to invest in a new location for her business that will attract more customers.
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