La Buena Union 1 & 2 Group
Evangelista makes her home in a simple structure with her husband and their 4 children. She tells us that her most difficult challenge is being sick most of the time due to a chronic illness. Her favorite thing to do is to be at her home. Evangelista has sold bread for about 5 years. She makes different kinds of bread by herself and sells it. She started the business with her first loan from Esperanza. Evangelista became a Esperanza Internacional client because she wanted to work and go forward with her business.
Evangelista is very excited about receiving her tenth loan from Esperanza Internacional, having repaid her previous two loans satisfactorily and taking an important step toward her business’s growth. She will use this new loan to buy fresh ingredients to make the bread, such as flour, butter, sugar, salt, cooking oil, and other goods. She will use the profits to save for her family’s future, because she wants to build her house in a concrete block structure. She thanks all of you for your support.
In this loan, we are adding two pictures to complete a picture with 10 members since it was impossible to get a photo that captured everyone.
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