Vista Al Mar Group
Ana is excited to be taking her third loan with Esperanza, after having successfully repaid her previous loans. She plans to use this loan to invest in her clothing sales business by purchasing pants, skirts, blouses and underwear to sell. She will use the profits to invest in her family by purchasing a computer, books, pencils and notebooks for her daughter, as well as paying for her transport to school. Additionally, she would like to purchase a pig to raise in her yard. Her long-term goal is to improve her home little by little and to see her daughter go to the university. 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