Las Colmenas Group
This is Hilcia's fifth loan with Esperanza. She started her business with the first loan she received from Esperanza International, around two and a half years ago. She plans to use this loan to purchase clothes which she sells out of her home to others in her community. She will purchase underwear, pants, t-shirts, blouses, skirts and shirts.
Hilcia wants to use the profits from her business to reinvest in it and to save because her future plan is to improve their living conditions, by buying or building her own house.
She has maD. good investments and has been saving. She hopes to be able to save enough money to continue improving her family life and to make one of her dreams come true, the one to have her own house. She thanks you for your support!
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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