La Simpatia 1, 2, 3 & 4 Group
Ana is excited about seeking her first loan with Esperanza. It will enable her to restart her business. In the past, she ran a food stall, where she sold fruits, vegetables, meat and other items. She plans to use this loan to keep doing the same, by investing in this type of merchandise and selling it to her neighbors. Her profits will be used to reinvest in her business as she wants to improve it, in the short term. Thank you for your support.
Several photos were taken in order to catch as many faces as possible.
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