Plan De Lucha (Plan Of Attack) Group
Hilaria runs a small colmado, a kind of grocery store from her home. She also sells a small selection of used clothing. She says she is planning to use this loan to buy rice, cooking oil, sugar, salt, jeans, blouses, and undergarments. The loan will enable her to buy all of these items in bulk, and as a result she will be able to slightly increase her profit margin.
She dreams that with the help of this loan, she will be able to give her children a good education, go back and finish school herself, expand her business into a big grocery store, and to one day own her own home and a motorcycle. Before she never dreamed of achieving these things, but now she says she believes they are possible.
On behalf of everyone here at Esperanza International, and from Hilaria 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