La Fortaleza 2 & 4 Group
Ana is very excited to receive her ninth loan from Esperanza Internacional, after having paid off her previous loans satisfactorily and thereby haven taken a step toward growing her business. She has had her business for about four years. She is planning to invest her new loan in the purchase of jeans, blouses, shirts, t-shirts and other items such as shoes.
Ana is a single mother of four children, all of whom live with her. She tells us that her most difficult challenge is working hard to provide for her family's well-being. Her favorite activity is to be at home with her children. She will use her benefits to reinvest in her business and to maintain her children. 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