Mujeres Hacia El Progreso 2 & 3 Group
Margarita is very excited to be receiving her fifth loan at Esperanza Internacional after having paid off her previous loan satisfactorily and taken a step for her business' growth. She has had her business for around 5 years, which she started with her own resources, selling decorative candles. Margarita is planning on investing her new loan in purchasing various products such as decorative candles, clothing, and accessories. She is going to use her earnings to save and repair her house. Her dream is to be able to have her own well established business.
Margarita está muy emocionada D. recibir su quinto préstamo en Esperanza Internacional, después D. haber pagado satisfactoriamente su préstamo anterior y haber dado un paso para el crecimiento D. su negocio. ElL. ha tenido su negocio por alrededor D. 5 años, el cual inició con sus recursos propios, vendiendo Velones decorativos. Margarita está planificando invertir su nuevo préstamo en L. compra D. Productos misceláneos como velones decorativos, ropas y accesorios. ElL. va a utilizar sus ganancias para ahorrar y reparar su casa, su sueño es poder tener su negocio bien establecido.
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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