Dios Proveera 5, 6 & 8 Group
Memena plans to use this loan to invest in her business selling miscellaneous products like local candy and medicine. She will purchase coconuts, sugar, milk and peanuts, to prepare local candies as well as purchase vitamin pills and and other medicine (for headache, stomachache and minor relief) that she could sell without prescription.
She will use the profits to reinvest in her business and save for her children's education and to purchase her own house. She wants to have an improved business that will provide enough support for her family's needs. She is a mother of five children, two of whom live together with Memena and her long-term partner. She enjoys serving to the Lord and to do business.
Memena thanks 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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