Jesus Es Prosperidad 4,5 Group
Cornelia is excited to be taking her third 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 selling polo shirts, accessories and skirts by purchasing her merchandise in the main markets and then selling it in her community at a profit. She will use the profits to purchase the daily needs of food and clothing for her children, as well as saving towards building a successful 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