Miramar Femenino 3 Group
Ana is very excited to receive her thirteenth loan from Esperanza Internacional. She's been getting loans from us and investing them in her business. She will use the current loan to buy grocery products for her Colmado, which is a small grocery store where most of her neighbors go to buy their daily meals. The investment will be in rice, beans, cooking oil, canned products, sugar and other goods.
Ana is the mother of four children; right now only two of them live together with her and their father. Ana has been married for more than 20 years. In the future, she would like to have land with cattle. She also wants to save enough money and overcome the economic crisis. She enjoys attending church.
This group is in the town of Samana, a popular tourist destination on the Atlantic Ocean that's surrounded by a lush, mountainous landscape. The community has few economic resources and services, since it's a very rural area. The main businesses in town belong to the members of this 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