Los Palmares Group
Monica requires a loan to buy fabric, thread and haberdashery items to make blankets, bedding sets and curtains. This is Monica´s second loan with Esperanza International. She will take a step toward improving her business by investing this loan to increase her services and sales.
She has had her business for 9 years. She lives in a simple home with her 3 children. She is a single mother working like a man to proviD. for her family. Her most difficult challenge was raising her children. She is a hard-working woman. Monica enjoys taking care of her children.
She says that her favorite thing is to sew. She will uses her profits to save because she needs to buy a plot of land to build her house. Monica dreams of having her own house.
Monica and her group are thankful 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