El Sol Sale Para Todo 2 & 3 Group
Sandra started her business with her first Esperanza loan almost four years ago. She is now receiving her eighth loan. Sandra has a cafeteria, where she sells sandwiches and juices. With this loan, she will invest in her business by buying bread, ham, cheese, eggs, and fruits.
Sandra dreams of seeing her children become professionals. Sandra and her group thank you for your help in achieving their dreams by funding this loan!
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