El Samaritano 3 & 4 Group
Modesto is one of the group members. He is a single man that raised six children with his ex-wife. They are all grown up now. Modesto still supports the younger ones in their studies. The older ones use to work with him in his tangerine plantation. This is one of Modesto's businesses; he sells tangerines wholesale in the public market.
Modesto operates an irrigation and herbicide products business. He will invest this loan in herbicide products and he is planning to invest in a new seedtime of tangerines. He enjoys working in the field and one of his dreams is to have a big farm and live tranquil on it. With the will of God and this loan, he will see his dreams come true. Thank you!
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