Esther 1, 3 & 4 Group
Margarita operates a business selling miscellaneous items like cosmetics, shoes, and clothes. She will use the loan to purchase dozens of these items to increase her business inventory. She is excited to receive her 11th loan with Esperanza Internacional, as with each loan she has been able to invest in her business and improve it, making it possible to provide for her family's needs. She thanks all of you for your support of her business and her group.
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