Jehova Jireh 1, 2 & 3 Group
Consuelo says her most favorites things to do are to take her children to eat ice cream and to the park. And her most important challenge is to continue growing in her life and business. Since two years ago, Consuelo started her clothing sales business with the money she received when she stopped working in a company.
Consuelo is receiving her first loan from Esperanza Internacional and will invest this capital in her clothing sales business; this loan will be invested to buy new clothes and pants by the dozen. With her business profits, she will reinvest in her business. She dreams of having a nail and beauty salon in a better location.
Consuelo and her group are going to devote themselves to various areas of work such as clothes, cosmetics, shoes, beauty salons, grocery stores, etc. Thanks for supporting this group of entrepreneurs!
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