Los Claveles 1, 2 & 3 Group
Ana is excited to be participating in her first group loan with Esperanza. Her group is dedicated to doing business around its community and other villages selling such things as food, clothes, shoes, cosmetics, underwear and many other products.
Ana started selling boiled beans three months ago. She now sells boiled beans (like the ones that are canned) and fried rounds maD. of flour, a very popular item especially in fried food stalls. She will use her portion of this loan to buy beans, flour, cooking oil, butter, eggs, ham, cheese, charcoal, etc.
Ana plans to reinvest her profits in her business. She thanks 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