Fe Y Amor 4 Group
Maria, who lives in a simple structure with her long-term partner and their child, is dedicated to working hard and helping her partner to generate extra income to better their family living conditions. In business for approximately three years, she is excited to be taking her seventh loan from Esperanza International to buy fabric and other materials to produce children's, women's and men's underwear for sale.
Maria will reinvest her profits in her business and buy some furniture that her son needs. Maria thanks all of 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