Mujeres Progresando 1, 2, 3 & 4 Group
Elizabeth is planning to invest her new loan in the purchase of different shoe brands and styles for women, men and kids. She is going to use her earnings to continue to reinvest in her business and provide for her family's needs. With her previous loans, she started increasing her sales and savings.
She is dreaming of having an improved business and of living tranquilly in a safe home with her family. She tells us that her most difficult challenge was to establish her business. She loves to watch television and to be at home with 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