Mujeres Valientes 1,2,3 Group
Shely is excited to be taking her seventh loan from Esperanza after having successfully repaid her previous loans and grown her business. Shely sells used clothing, and she plans to use this loan to purchase large packages of used clothing from sources such as the Salvation Army in the United States. She will then resell the clothes, using the profits to support her family by providing basic necessities for her children and finishing the construction of her home. She thanks all Kiva lenders for their 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