Cristo Vive 1, 2, 3 & 4 Group
Janes is excited to be taking her third loan with Esperanza after having successfully repaid her previous loan and grown her business. She has been running her business for almost six years. She started investing in selling gasoline in the main avenue from her community. While she was growing her business, she decided to add different products. Now she is selling chickens, like a small butcher, during the day while also selling the gasoline. She will invest this loan in buying chickens (by quintal, 100 pounds) and 10 gallons of gasoline.
Janes wants to reinvest her business´s profits. For her future, she is dreaming to have her own house. She thanks you all 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