Fe Y Amor 2 & 5 Group
Altagracia lives with her long-term partner and her six children. She says that her most important challenge is to have a house, and stop paying rent, and her most favorite thing to do is to eat; she loves to eat. She is running a miscellaneous sales business where she sells chicken, charcoal, and clothes. She has a small stand by her house where she sells the chicken and the charcoal, especially in the morning, and in the afternoon she sells the clothes by walking in her and other communities. With this loan, she is planning to buy many pounds of chicken, bags of charcoal, and different clothing.
She is excited to receive her third loan with Esperanza. She has been part of this group for almost a year, and with each loan she has been able to improve her business. With her business profits, she will reinvest in her business and save. Altagracia thanks all of you for your support of her business and her group.
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