Violeta 1 Group
Adriana is excited to be taking out her 7th loan with Esperanza, after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her business selling miscellaneous products, like used clothes, cartons of eggs and boiled beans. She started with a very small business 7 years ago, where she just sold boiled beans. Then, reinvesting her profits, she added eggs and clothes. Now she is very proud to sell many different products, and she will invest this loan to increase her inventory. 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