Mujeres Capcitadas 5 Group
Carmen has been a successful associate of Esperanza for two loan cycles now and she has repaid without problems. She says that working with Esperanza has helped improve her quality of life and she is excited to take her third loan. With this loan she will continue to invest in both of her businesses. For her clothing business she will buy blouses and women's pants to sell, and for her food stand she will purchase flour, meat and cooking oil. She has over two years experience and she expects her businesses, which are the main source of income for her family, to continue to improve her living situation. In the long term her goal is to open her own cafeteria. 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