Ulloa 1, 2 Group
Tomasina is excited to be taking her tenth 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 to buy rice, flour, other foods, and a freezer. Her business is a colmado, a place where you can find all the ingredients and products to make your daily meals. Normally colmados are in local neighborhoods so that customers have a short distance to walk from their homes. She will use the profits to pay for her children's expenses at the university, to buy a vehicle, and also to finish building her house so that she has a safer home for her family. 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