Jehova Es Mi Pastor 3 & 4 Group
Milady is excited to be taking her 4th loan with Esperanza after having successfully repaid her previous loan and grown her business. She operates a vegetables and fruit stall next to her house; from there she can take care of her child and generate income as the same time. She plans to use this loan to invest in her stand by buying vegetables and fruits, also she wants to rebuild the stand so as to have a nicer and bigger one. That is the reason why she is planning to buy some wood; now she has more demand and she will need to invest more in her business. She will use the profits to expand the business and get her own house to live comfortably.
After Esperanza´s loans she has been able to produce more and to live a little bit more tranquilly than before. The capital she invested from every loan is expanding her business. She thanks 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