La Beneficencia 4 & 5 Group
The reason that Elizabeth works is to help get her family ahead, to educate her children, and to be able to give them a better future. Elizabeth has been selling shoes for several years.
This is her eighth loan with Esperanza Internacional. She has been a member of her group for four years. Elizabeth is planning to buy men’s, women’s, and children’s shoes, sandals, and tennis shoes.
Together with the other members of the group called Beneficencia 4 & 5, they have generated new business activities for their community by selling cosmetics, food products, and clothes, and by having beauty salons, among other businesses.
One of her dreams is to have her own house and sufficient savings. She plans to reinvest the profits from her business in order to be able to make her business grow by increasing her sales and her customers.
Elizabeth se ha dedicado a la venta de calzado, desde hace varios años, este es su octavo préstamo con Esperanza Internacional, y ha sido miembro de su grupo desde hace 4 años. Elizabeth está planificando comprar zapatos, sandalias, tenis, para hombres, mujeres y niños. Junto a los demás miembros de su grupo, llamado la Beneficencia 4 & 5, han generado nuevas actividades de negocio para su comunidad, dedicándose a la venta de cosméticos, productos comestibles, ropas, salones de belleza, entre otras.
Unos de sus sueños es tener su propia casa y ahorros suficientes. Los beneficios de su negocio planea re-invertirlo y así poder hacer crecer su negocio, aumentando sus ventas y su clientela.
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