Bendicion De Mujeres Trabajadoras Group
The owner of a miscellaneous sales business, Odalis sells shoes, cosmetics, clothing, and other merchandise. She is excited to be requesting her fourth loan from Esperanza which she will invest in her business by increasing her inventory through the purchase of more merchandise.
Odalis, who wants to have a successful business, plans to open a miscellaneous products store and purchase her own home to further provide for her family's needs. She 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