Dios Verdadero 1 & 3 Group
Mary is excited to be taking her ninth loan with Esperanza. She has a clothing sales business; she sells all kind of clothes, for women, men and kids. With this loan, she will invest in her business by increasing her inventory, buying jeans, pants, shirts, skirts, t-shirts and other items.
Mary's long-term goal is to have a successful business and to build her own house. Now she is living in a batey (a sugar-cane company town) and she is very interested in moving to a more affordable community. 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