Rayo De Luz 2 Group
Ana has had her business for approximately 5 years, starting with some savings she had. She plans to use this loan to invest in her cafeteria, where she sells natural juices, soda and some snacks. With this loan, she will invest in her business by increasing her inventory.
She lives in a simple structure with her four children and her husband. She says her most difficult challenge has been to improve her business and introduce other products and services. One of her favorite things to do is work. Carmen is excited about her 4th loan with Esperanza. She will use the profits to improve her business and to buy some enamelware to introduce sandwiches and others products. Ana 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