Bendicion De Mujeres Trabajadoras 1, 2 Group
Reyna is excited to be taking her first loan with Esperanza. She has a food stand where she sells sandwiches, hot dogs, burgers and juices. She plans to use this loan to invest in her business by purchasing meat, bread, juices, vegetables, sausages, etc. She will use the profits to reinvest in her business to make it grow. Her long-term goal is to save enough money to expand and improve her business. She wants to be a successful businesswoman and attend the university. 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