La Solucion 5 & 6 Group
Wanda is excited to be taking her second loan with Esperanza, after having successfully repaid her previous loan. She plans to use this loan to invest in her business. She will be purchasing men's and women's shoes as well as pants and shirts. Her business model is to carry these items on her head and seek out her clients in the street. She has several regular clients but also makes one-time sales. She plans to use the profits to invest in her family and business by purchasing a "passoL." or scooter. This purchase will facilitate mobility. She will also purchase books and notebooks for her child. Her long-term goal is to own her own home. 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