Luisa makes her home in a simple structure with her two children. She tells us that her most difficult challenge is to raise her children and educate them, even while she is working and taking income home. They are attending school while she is walking around in different communities to sell her products. She enjoys being at her home. She sells miscellaneous products like clothes, underwear and cosmetics.
Luisa is very excited about receiving her 4th loan from Esperanza Internacional, having repaid her previous three loans satisfactorily and taking an important step toward her business’s growth. She will use this new loan to buy pants, T-shirts, skirts, blouses and shirts. She will use the profits to cover her family expenses and to reinvest in her business. She thanks all of you for your support.
In this loan, we are adding two pictures to complete a picture with most of the 25 members since it was impossible to get a photo that captured everyone.
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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