La Superacion Group
Eufrecia is excited to be taK. out her second loan from Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business in interior design. She plans to purchase cloth, decorations and thread along with an industrial sewing machine to create curtains and sofa covers. She will use the profits to invest in her home by finishing construction on it and in her family by purchasing a computer for her children to learn on. Her long term goal is to have a large business in a good location with many employees and a vehicle to make deliveries. 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