Echo De Anges 1, 2 & 3 Group
Before beginning this business she was a saleswoman of all sorts of products. She hopes that this loan will help her to expand her business. The other members of the group need loans for businesses such as the sale of cosmetics, fizzy drinks, etc. Denise says that her main challenge is to become a more significant businesswoman in the area. Her main aim is to have a bigger business which will enable her to build a large house with the help of a loan from Esperanza Int.
Avant de ce commerce elle était la vendeuse de toute sorte. Elle espère que ce emprunt l’aidera agrandir son commerce. Des autres membres de groupe ont besoin d'un emprunt pour les commerces tel que ventes produits cosmétiques, boissons gazeuses etc. Elle dit que son défi principal est de devenir une plus grande commerçante dans la zone. Son but principal c’est d’avoir un plus grand commerce qui lui facilitera à construire une plus grande maison avec prêt de Esperanza Int.
More information about this loan
This loan is designed for a borrower or group of borrowers in Haiti. Esperanza is one of the few MFIs currently working in the northeast region of the country. Through lending, the organization aims to stimulate economic growth and opportunity in a country that has suffered debilitating crises, including political instability, natural disasters and poverty. Esperanza lends primarily to groups of women who cross-guarantee each other's loans. They also receive financial literacy courses and health services.
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