Dios Prospera Group
Julia says her most favorites things to do are to work and to eat. Her most important challenge is to have her own house, built safe and comfortable. Since almost four years ago, Julia started her business with a loan she took. She bought a small amount of merchandise for resale. After eight loans, she has been able to expand her business, with more clients and more products.
Julia is receiving her ninth loan from Esperanza Internacional and will invest this capital to purchase sugar, candies, rice, fruits and vegetables. With her business profits, she will reinvest in her business. She dreams of having a big grocery store. She thanks you for supporting her and her 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