Mujeres Capactitadas 1,2,3,6 Group
Isabel is excited to be taking her fourth loan with Esperanza after having successfully repaid her previous loans, and she looks forward to continuing to grow with Esperanza. She plans to use this loan to invest in her business taking orders from her clients to purchase bed sheets, bedspreads, women's blouses and women's underwear in Santiago (the closest large city) and selling them at a profit. She will use the profits to continue improving her house to the point where there are no more wooden walls (which are susceptible to termites) with the long term goal of adding a small corner store to her home so that she can work from home.
Additionally, she would like to see her son become a professional and she is using part of the profits from her loan to fund his university education, studying accounting. He is the first person in her family to attend university. She thanks you all for your support and would like to urge more people to join Esperanza so that they can improve their lives like she has.
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