St. Suzanne Jesus Devant Group
Alteon P. is one of two representatives of the group. He is a husband and father to seven children ranging in ages from 13 to 3 years old.
This hardworking dad focuses his business efforts on charcoal sales. He will sometimes buy the charcoal already made but when possible he simply buys the wood and makes the charcoal himself, thus increasing his profit margin. He also dabbles in the sale of syrup which he buys when he buys freshly cut wood.
Alteon is thankful for the past loans because he was able to send his children to school, feed his family better, and create savings with the increased profits. He prays that he will be able to grow his business and that “Esperanza may continue to grow and be a blessing to the community.”
On behalf of Alteon, Jesus Devant, and Esperanza we thank you 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