Union De Mujeres En Desarrollo 1, 2 & 3 Group
Emiliana and her long-term partner live together with their one child. Emiliana's most important challenges are to work hard to gain extra income and to better her home structure. She is receiving her fourth loan from Esperanza Internacional and, because her loan repayments have all been made punctually, she has been able to grow her business with the reinvestment she makes from each loan. Emiliana would like to save her profits to start building her house
The three pictures taken in their community complete the group of 15 members.
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