La Fuente De Bendicion 1 & 2 Group
Reina has two children who still live with her, together with her long-term partner, also their father. Her most important challenge is finishing her studies. Reina is receiving her sixth loan from Esperanza Internacional and, because her loan repayments have all been maD. punctually, she has been able to grow her business with the re-investment she makes from each loan.
She started her business 6 years ago, with some personal savings. She will buy a freezer, scales, and also a cooler to carry with her to other communities far from the Bahia. She would like to save her profits to build her house and to be able to give her children a safer home. She also wants to become a successful businesswoman and a professional.
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