Ayudanos Señor 1 & 5 Group
Lucienne is very excited to be receiving her seventh loan from Esperanza Internacional and will invest it in her business, which she has had for about 12 years. She is planning to invest her loan in buying different cooking ingredients such as rice, oil, beans, meat, vegetables, etc. She is dreaming of expanding her established business into a small restaurant in her community.
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