Mujeres Luchando Contra La Pobreza Group
Yenny sought a loan from Kiva partner, Esperanza, to help expand her store 'Fantasia', which sells women's items, perfumes and cosmetics. Yenny will use the money from this loan to purchase dozens of undergarments and cosmetics.
Yenny also hopes to use the success of her business for the benefit of her home and family. "I would like to put a new floor in my house and purchase the pens, notebooks and books my children need for school," she says. Yenny dreams of expanding her business one day into the international arena, and is grateful for the support of Esperanza and the opportunities she has to turn her dreams into reality. Thank you for lending to Yenny and Mujeres Luchando Contra la Pobreza.
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