Mata De Palma En Desarrollo 3,4,5 Group
Carmen is excited to be taking her eighth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business running a small butcher shop by purchasing the necessary meat.
Carmen will use the profits from this business to invest in her children by purchasing the necessary food and school supplies. 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