Luchando Con Esperanza 1 & 2 Group
Yesenia is very thrilled to receive this second loan by Esperanza Internacional, after having been invited to form a Bank of Hope in her community. She is planning to invest this loan in the purchase of two bags of rice, oil, canned products, etcetera. She plans to use her earnings to reinvest in her activity and in savings. She dreams of owning a food store.
Yesenia está muy emocionada de recibir este segundo préstamo en Esperanza Internacional, después de haber recibido la invitacion para formar un Banco de Esperanza en su comunidad. Está planificando invertir este préstamo en la compra 2 sacos de arroz, aceite y productos enlatados, etc. Planea utilizar sus ganancias para reinvertir en el negocio y ahorrar. Su sueño es tener un almacen para ventas de alimentos.
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