Mujeres Poderosas 1 & 2 Group
Evangelista will use her portion of this group loan to invest in her butcher shop and she is planning to buy a cow to butcher and sell. She also sells boiled beans that neighborhood people buy to cook them faster at home. She began her business by selling these boiled beans and after she saved enough money she began buying meat such as chicken, beef, and pork, to start a butcher shop. Evangelista will save her profit to invest in her business and to save for the cafeteria that she would like to open soon.
Evangelista is excited to receive her first loan through Esperanza Internacional because her loan will take her one step closer to expanding her business. In the future, she dreams of building a concrete house. Evangelista 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