Ayudanos Señor 6 Group
Sandra is excited to be taking her first loan with Esperanza. She runs a small business stand in her house and she will use her loan to purchase shoes, clothes, cosmetics, and accessories to sell. She plans to re-invest her profits into her business.
Sandra’s long-term goal is to improve her house and business with good savings and a stable source of income. With this loan and the blessing of God, she is very sure to do this.
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