Mujeres Bendecidas Group
Dolores makes her home here in a simple structure with her long-term partner and their two children. Dolores is excited to be seeking her second loan with Esperanza. She successfully paid off her previous loan after using it to make a successful investment in her fried food stall. She plans to use this loan to invest in her business by buying goods to make many meals, especially for dinner, like cooking oil, flour, potatoes, plantain, chicken, beef, etc. She sells breakfast as well, so she will invest also in sausages bread, ham and cheese, and fruits to make natural juices.
She is saving her profits to buy a plot of land to start building her house. Her most difficult challenge has been studying. She likes to work and her future plan is to have her own house. She thanks all of you for your support.
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