Union De Mujeres En Desarrollo 1-4 Group
Mercedes and her husband have three children, ages four to fourteen, and they live in La Joya, a small town northwest of San Pedro. Mercedes has built a house of cement blocks for her family, a marked improvement over the typical wooden home. She is grateful for her loans because she knows she can pay off her home with the increased profits from her business. With this loan, her second from Esperanza International, she will be purchasing undergarments for both men and women. Mercedes will then sell them to friends, neighbors, and others in nearby towns at a small markup.
In the future, Mercedes hopes to expand her line of products to include all types of clothing for men, women, and children. She also hopes to continue improving her home to make it more comfortable for her family. Mercedes’ ultimate goal, however, is to send all of her children to college. With your support, Mercedes can continue striving towards those goals. Thank you for lending to Mercedes and the Union de Mujeres en Desarrollo 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