Estrellas Brillantes 1 Group
She has a small business selling food in her area and also she breed pigs, to be sold after 3-5 months. She said it's her goal to put all her kids through high school, and hopefully they will be able to go to college someday. After she has run her small restaurant and invested in it over almost four years, she decided to start selling pigs, so this loan will be used to buy pigs.
This is a group of five people trying to receive loans to increase their businesses.
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