Trabajando Para La Manana Group
Patricia is excited to be taking her first loan with Esperanza and she is excited to have access to capital and low interest rates. She plans to use this loan to invest in her business selling clothing by purchasing, skirts, pants, blouses and underwear in the main market in the Capital and then bringing it back to sell in her community. She will use the profits to invest in her children by purchasing them food, school supplies, as well as a computer to learn on. Additionally, she would like to go to university herself and to move her business into its own location rather then selling in the street as she currently does. 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