Mujeres Esforzadas Group
Horimena has sought a loan from Esperanza to help expand her street vending business, which provides a variety of goods. She will use the money from this loan to buy five pots, four quilts, four pairs of pants, and various other household and clothing items.
Horimena wants to continue meeting and working with Esperanza to further develop and expand her business. She dreams that the long-term success of her business will enable her to buy a home, and eventually a television, for her and her two children. She is grateful for the support of Esperanza and their involvement in the realization of her dreams. Thank you for lending to Horimena and Mujeres Esforzadas!
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