Grupo Brisas 1 & 2 Group
Francisca’s family is maD. up of her long-term partner and their three children. They live in a rented home, which is a simple structure maD. of wood. Her most difficult challenge has been always working to bring in extra income for her family and proviD. for her children's education. She enjoys working and she does this to help her children be able to get ahead, become professionals, get an education, and form their own families.
Francisa’s business is selling bacon and pork. She prepares the meat in order to sell it for a better price and to be able to save more. She has been engaged in this business activity for two and a half years. She tells us that she started thanks to motivation from some friends and some money that she was able to get together with her husband. Then she was able to apply for loans from Esperanza, and she was able to invest. Francisca has now had four loans with Esperanza Internacional. She will use this new loan to buy several pounds of bacon and pork.
Her story is being used to represent the other members of her group. Francisca and her group thank you all 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