La Franbruesa Group
Ana is requesting this loan so that she can improve the service she provides to her clients, making her car safer, more comfortable, and more fuel efficient. With the profits from her business, she hopes to begin saving more money, working towards realizing her dream of one day returning to school so that she can become college-educated; as well, she hopes to be able to help send her children to college. She says that it is often difficult to advance economically in Los Alcarrizzos, but with hard work and this loan, she believes she can improve her life and business, one day at a time.
On behalf of everyone here at Esperanza International, and from Ana M. herself, we thank you for your support with this micro loan!
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