Miramar Feminina 1,2 Group
Nery is excited to be taK. her 10th 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 an ambulatory food stand in which she sells basic staples of the Dominican diet such as chicken, yuca, lentils, fish, and salad. Additionally, she will invest in a freezer to store her goods in her home. She will use the profits to purchase clothing and medicine for her children, investing in her education as well as the education of her children and saving towards finishing construction on 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