Shalom 2 Group
Lucia's family includes herself, her long-term partner and two children from six they have. She is very excited to receive her 10th loan with Esperanza Internacional after having duly repaid her previous loan and taken steps to grow her business. She has had her business for about four years. She started it when she took her first loan.
Lucia plans to invest her new loan in her business. She is running a Cafeteria, where she sells sandwiches, juice, and other snack food. She will use her business profits to expand her business. She 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