Fuente Para El Desarrollo 1 Group
AngeL. wants to expand her business with this loan, which is her second one. She operates a clothing sales business, and also she works at sewing clothes, and she wants to uses this loan to buy a sewing machine, some fabrics, sewing accessories, and clothing for men and women.
In the future, with her savings and profits, she is planning to have a business and to build a bathroom in her house.
Thanks for supporting this group of entrepreneurs!
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