Asociacion Para Cristo Group
Maria has had her business for around 3 years, starting with her first Esperanza loan. She plans to use this loan to invest in her business, and she will buy different products like cosmetics, accessories, hair and beauty products. Before she started doing this business she was working in a beauty salon, where she learned to become a beautician. She is also working door-to-door. With her business profits she is planning to again have her own beauty salon which she had in the past.
Maria is excited to be taking her 5th loan with Esperanza after having successfully repaid her previous loans and she has grown her business. In the short term future, she will be saving to reopen her beauty salon. She thanks 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