Llegando Lejos 1 & 5 Group
Ana is excited to be taking her ninth loan with Esperanza, after having successfully repaid her previous loan and growing her business. She plans to use this loan to invest in her business selling empanadas (a fried treat usually made of meat or cheese encased in fried dough). She will be purchasing cooking oil, flour, meat, cheese, ham, eggs and vegetables. This is a popular food, specially for a snack, breakfast or dinner. She will use the profits to buy school supplies for her children and for saving to one day own her own home. Ana 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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Success!! The loan was 100% repaid