Cristo Y Nuestro Esfuerzo 3 Group
Maritza makes her home here in a simple structure with her two children. She says that her most difficult challenge has been to improve her business.
Maritza is excited to be taking her seventh loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business selling miscellaneous products. She will use this loan to buy clothes, shoes, cosmetics, women´s accessories, and other products to resell.
She will use the profits to improve her quality of life. Maritza and her group thank you for your help in achieving their dreams by funding this 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