La Paz 2, 3 & 4 Group
Martha is excited to be taking her third loan with Esperanza, and starting to invest in her business selling clothing and shoes. She will uses this loan to buy shoes, for women, men and kids (sandals, sneakers, slippers, etc). She started her business with her Esperanza first loan, almost 1 year ago. She is using her business profits to reinvest in her business and to uses ot for her expenses.
Martha and other members are dedicated to do business around their community and other villages, selling clothes, shoes, cosmetics, underwear, and many other products. She thanks you all for your support.
Picture were taken in two different groups, that is why there are 5 members in a second photo.
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