Miramar Femenina 4 Group
Josefina is excited to be taking her 13th loan with Esperanza after having successfully repaid her previous loan and grown her business. Josefina started her business with her first Esperanza loan seven years ago. She plans to use this loan to invest in her business running a food stand where she sells vegetables, meat, fruits, salads, and other grocery products. She will use the profits to make changes in her business and house, specifically in the structure, by building a small stand next to her house. She thanks you all 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