La Gran Esperanza 3 Group
Juliane has a grocery stand which she operates from her house. It is a modest home that she shares with her 4 children and her long-term partner. Juliane has been living in the country for several years, ever since she emigrated to the Dominica. She is currently in receipt of her 8th loan with Esperanza (Kiva Field Partner). She has managed to repay and invest her previous loans to expand and increase her business.
Juliane plans on investing this loan in the purchase of snacks, juice, cookies, sweets, and other appetizers. One of her dreams is to buy or build a house. She plans to save her business benefits to make this dream come true. Juliane is thankful to all of you 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