Dios Es Mi Pastor 5 Group
With this new investment, Maria will be able to produce more and increase her sales. She started her business about 9 years ago with a small amount of money she had saved. She tells us that her challenges are to have her house, to learn how to write and read, and to help her children with their homework. She is also working to provides them with all she didn't get when she was a kid. Maria has 3 children and she lives together with them and their father, her long term partner. She is planning to reinvest her profits in the business to make it bigger and sustainable. Her dream is to see all her children become professionals and good people.
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