El Eden 2 Group
Maria is excited to be taking out her tenth loan with Kiva partner, Esperanza, after successfully repaying her previous loan and growing her business. She plans to use this loan to invest in her grocery stall by purchasing different snacks, candies, and other goods. She sells them from her house and in a school located in her community. She will use the profits to re-invest in her business and to provide for her family's needs. She said that her most difficult challenge is to help her children become professionals. She will do this by enrolling them in school; therefore, giving them a safe future.
She started her business after she took out her first loan with Esperanza. She needed to earn money for her family and at the same time take care of her children. She thanks you all 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