Jehova Es Mi Protector 4 Group
Marilourde is excited to be taking 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 buying large packages of assorted used clothing that come from places like the Salvation Army in the United States and selling them in her community at a profit. She will use the profits to invest in her family by purchasing school supplies and in her business by saving towards the day when she can have her own shop, and not have to sell her wares in the street. 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