Dios Es Mi Pastor 4 & 5 Group
Yolene is very excited to receive her fifth loan from Esperanza International, after having successfully repaid her previous loans and thus having taken a step towards expanding her business. Her challenges are raising and educating her four children. She lives with them and her long-term partner. She is planning to reinvest her profits in her business, since there will be a lot of demand for her products. Yolene's dream is to improve business.
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