Esperanza Para Vivir 1 Group
Mayra, who lives in a simple structure with her parents' family, is a single woman without kids. She is a dedicated woman, working hard and helping her parents, saving money for her future and increasing her business. Mayra started taking loans with Esperanza International because her business needed capital to increase her sales and inventory. Her business has been running for around 4 years and she is excited to be taking her third loan from Esperanza International to buy various products like cosmetics, clothes, shoes and others.
Mayra will reinvest her profits in her business. She 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