Unidas Para Triunfar 1 & 4 Group
Benita is excited to be taking her fifth loan with Esperanza after having successfully repaid her previous loans and grown her business. All these loans have given the opportunity to increase her sales and to get more clients. She plans to use this loan to invest in her business by purchasing clothes like jean pants, t-shirts, blouses and underwear, also she is planning to buy a bag of used clothes, which she could sells by pieces.
Benita will use the profits to save, she has been finishing her house by using previous loans benefits and her house is almost built. Her dream is to one day be able to travel the world with her family. 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