Arco Iris Group
Marcia is excited to be taking her second loan with Esperanza after having successfully repaid her previous loans and looks forward to continuing to grow her business. She plans to use this loan to invest in her business as a massage therapist by selling products that pertain to her business such as massage oils, pain relief creams, etc. She will use the profits to invest in buying a small plot of land on which she can begin to build her own home, with the long term goal of seeing her two children become professionals in order to lead a better life. She thanks 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