Progreso De Esperanza 1,2 Group
Esperanza is excited to be taK. her sixth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to uS. this loan to invest in her business running a small "colmado" or general store by purchasing bread, juice, sodas, beans, sugar, rice, and plantains to stock her store. She will uS. the profits to invest in school supplies for her children as well as construction materials for her home. Finally, she would also like to save enough to rent a location for her business so that she can move it out of her home. 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