Las Colmenas Group
This is Yanna's ninth loan with Esperanza. She started her business with the first loan she received from Esperanza International almost five years ago. She plans to use this loan to purchase different pairs of shoes, for men, women and kids. She has been selling shoes from the beginning and now she is planning to add clothes, underwear and other products. She hopes to increase her inventory with her business profits. She also hopes to save some of the profits because her future plan is to improve her family's living conditions, have enough money to provide a good education for her children, and send the children to university.
She hopes to be able to save enough money to continue improving her family's lives and to make one of her dreams come true, the dream of having a successful business. 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