Prosperidad Y Esperanza 2 Group
Santa is excited to receive her second loan from Esperanza Internacional, after she was invited to be part of this group and started her business. She sells miscellaneous items and will spend this loan on shoes, clothes, and cosmetics to sell. She will reinvest any profits in her business. Santa's dream for her family is to have her kids safe and own a home to raise them. 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