Cristo Viene 3&4 Group
Rosaline is excited to be taking her firS.loan with Esperanza, a Kiva partner. She plans to use this loan to inveS.in her business of selling used clothing by purchasing assorted used clothing that comes in bulk packages from places like the Salvation Army in the United States. She will use the profits to inveS.in her family in the short term by purchasing clothing and food for her child. Her long-term dream 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