Cristo Salva 6 & 7 Group
Yolena's family is made up of two children and her long-term partner. Her children are attending school, which has been her most difficult challenge because they are Haitian and they didn't know how to speak Spanish very well. She wants to have her house and a stable business, to save and live a tranquil and safe life.
Yolena is very excited to receive her third loan through Esperanza International. She took her first loan around a year ago. Receiving these loans has made it possible to invest in her small business. She produces candy with traditional preparations. She makes candies from peanuts, coconut and milk. She sells them door-to-door by walking in the streets. She will invest by purchasing milk, sugar, coconut, peanuts, cinnamon, etc.
One of Yolena's dreams is to have a beautiful house and a successful business. She thanks you all 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