Monte De Bendicion 4 & 6 Group
Maria is excited to be taking her fifth loan with Esperanza, which she will use to purchase ingredients like coconut, milk, sugar, vanilla, and fruit. Maria likes the bakery, and she would like to have one in the future with more sweet varieties.
Maria lives with her husband, and she dreams of building her dream house. This would be a beautiful and big house where her family could live and she could run her business. She will reinvest her profits in her business. Maria enjoys working at her home and doing 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