Cristo Es La Esperanza 1 & 2 Group
Martires is excited to be taking her third loan with Esperanza. She has had her business for around 16 years, starting with a small amount of capital that she saved. She plans to use this loan to invest in her business to buy some sugar, rice, vegetables, meat, cooking oil, plantain, flour, etc. She operates a Colmado, a place where you can find all the ingredients to make your daily food. Normally those colmados are in the same neighborhood, just a short walk from any home. With her business profits she has been improving her business
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