Fe Y Amor 2 Y 3 Group
Enelcida has proven herself to be a reliable associate of Esperanza and this will be her sixth loan with us after having paid back her first five without problems. She is excited to take this loan to continue developing her fried food stand. With this loan she will buy salami, flour and cooking oil for her business. She hopes to use the profits to continue constructing her home. Her dream is to have a well constructed home for her children so that they can be safe and continue their studies. They thank 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