La Buena Union Group
Leonor makes her home in a simple structure with her long term partner. She tells us that her most difficult challenge has been raising her children. She enjoys attending church.
Leonor has sold shoes for about 5 years. She started the business with money she had saved. Leonor became a Esperanza Internacional client because she wanted to grow her business, but she lacked the capital to do so.
Leonor is very excited about receiving her third loan from Esperanza Internacional, having repaid her previous two loans satisfactorily and taken an important step toward her business’s growth. She will use this new loan to buy more shoes and will use the profits to save for her family’s future. 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