Fuerza Divina 1 Group
Yohanny sells cosmetics in her house and by walking in her community and others nearby. She went into business using her savings, setting up a stall in her house. Almost a year ago she went to Esperanza and took out a loan that made it possible for her to invest a greater amount in her business and so earn more in profits.
Yohanny is excited to be taking her second loan with Esperanza after having successfully repaid her previous loan. She is planning to use her loan to buy cosmetics such as body lotion, deodorant, beauty cream, make-up, and other products. Her profits will be reinvest in her business. She wants to improve it and sell more.
She thanks 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