Mujeres De Esperanza 3 Group
Carmen is very excited to receive her first loan from Esperanza Internacional. She has had her business for around 2 years and she started it when the former owner she was working with gave it up. Carmen plans to use her loan to buy juices, fruits, snacks, meat, and seafood. She is going to use her earnings to pay for her children's education, and she will also save some money. She desires to have a self-sustainable business that will generate enough earnings to support her family in order to count on a better future.
Carmen está muy emocionada de recibir su primer préstamo en Esperanza Internacional. Ella ha tenido su negocio por alrededor de 2 años, el cual inició con cuando trabajaba con la antigua propietaria y la señora se lo cedio. Carmen está planificando invertir su nuevo préstamo en la compra de jugos, frutas, refrigerios y algunas carnes y mariscos, esta asociada va a utilizar sus ganancias para pagar la educación de sus hijos, y para ahorrar, desea que su negocio pueda ser sostenible y le genere buenas ganancias para poder satisfacer todas las necesidades de su familia y poder planear un futuro mejor.
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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