Rayo De Luz 1 & 3 Group
Ana's family is composed of her child her long-term partner. Her most important challenge is to finishing her house. Her favorites activities are to take care of her child and her home. She has had her business for 3 years, starting with the first loan she took with us. Now she is receiving her 7th 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 would like to save her profit to build a bathroom in her home. She also wants to proviD. food, clothing and housing expenses. She has a dream that one day not to far off, she will be able to live in a safer home with her family, and have her business on a settled footing.
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