La Alternativa 4 & 5 Group
Alida is a divorced mother of 3 children. She is running a sales business where she sells different products like cosmetics, shoes, accessories, and clothing. Alida started her business with her first loan from Esperanza, and this activity allows her to support her family. With this loan, she will invest in her business by buying more of those products. Her future plans are to have a wholesale store, to have enough money to give her children all their needs, and to pay for their degree studies.
This Esperanza associate began with us around 6 years ago, and this is her 13th loan. All previous loans have been re-paid and invested in her business. 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