Mujeres De Debora 1 & 2 Group
Maria R. has been operating a business selling pigs for 10 years. She raises them and then sells them at an adult age or to a butcher shop. She raised 5 children while working selling food in her community, saving her profits and helping her husband. She tells us that her most difficult challenge was when her children traveled to Spain; they are still living there, studying with scholarships and working. One of Maria's dreams is to soon visit them in Spain.
This is Maria's first loan with Esperanza. She is planning to use it to buy 4 young pigs. She also plans to use the income to reinvest in her business and for savings.
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