Mujeres Con Esperanza 1 & 2 Group
Secundina’s group is located in the areas surrounding Santiago, a large city known for its agricultural production of beef and tobacco, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her longterm partner and their child.
Secundina is excited to be taking her fifth loan with Esperanza after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her business repairing and building furniture by purchasing materials for building cabinets, bed bases and dressers.
Secundina will use the profits to further invest in her business by purchasing her own location for her business. 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