El Tesoro Group
Negra is receiving her 7th loan from Esperanza International after having successfully repaid all her previous loans. She started her business with her first loan from Esperanza almost four years ago. She will use this loan to purchase clothes, underwear, and cosmetics for her business. She will reinvest her profits in her business because May and June are good months for sales. Thanks for supporting this group of entrepreneurs!
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