Monte De Bendicion 1, 2 & 3 Group
Midely is excited to be taking her first loan with Esperanza. She will use this loan to buy underwear and pants (women's and men's). She is taking this loan to start her business. She was invited to join this group because the other members knew that Miledy was wondering how to start a business but she was needing capital to begin. She is using her business profits to reinvest in her business.
Midely makes her home here in a simple structure with her long-term partner and her child. She says that her biggest challenge is to finish building her house. She said her most favorite activity is walking with her son. She dreams of having her house built and living safe and tranquil. 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