La Reforma 1, 4 & 5 Group
For around eight years Alexandra has operated a colmado: a shop where you can find basic food staples. Colmados are within short walking distances from neighborhood homes. She started her business with a loan she receive from a friend. She plans to use this loan to increase her inventory by purchasing rice, sugar, canned food, vegetables, flour and other foods.
Alexandra is a hard-working mother. She uses her profits to provide any needs for her family. She also she uses her profits to save and to reinvest in her business. She still is dreaming about her future and she wants to have a better life, live in tranquility and safety, rebuild her house, and have a stable business.
Alexandra says that her biggest goal is to have her own house. That is why she is saving and dividing her home expenses with her husband's income. She is very thankful for all your support. Your support for her and other members in this group can make their dreams come true.
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