Cristo La Solucion 2, 3, & 5 Group
Esperanza runs a successful small business selling women’s clothing to her friends and neighbors. She also specializes in shoes and slippers, which she will purchase with this, her fourth loan, from Kiva partner Esperanza International. Esperanza came to Esperanza International because she wanted more comfortable payments with lower interest than she could find elsewhere.
Life in L. Romana can be harsh – electricity is scarce (if available at all), running water is never potable, and the hurricanes that rip through the Caribbean typically hit this siD. of the island first. Despite these difficulties, Esperanza keeps a positive attituD. toward her business. After all, the extra profits from her business have allowed her to improve her home and proviD. comfort for her children. She hopes to continue reaching for the future by improving her family’s living conditions and expanding her business. Thank you for lending to Esperanza and the Cristo L. Solucion group!
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