Eugenia is 23 years old, married, and has a two-year-old daughter. She sells healthcare products, which she began doing because she realized how these products change life in a healthy way. With her loan she will obtain more products. Eugenia wants her business to be large and prosperous. She wants to be a successful distributor and help people to improve their health.
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