Mi Dios Todo Lo Puede 1, 2, 3 & 4 Group
Fabiola lives in a simple home with her family which is comprised of three members: her two children and herself. She started with Esperanza International because she needed capital to reinvest in a business. She is very excited to be receiving her second loan from Esperanza International after having successfully paid off her previous loans and having taken steps to grow her business. She has had her business for around five years.
Fabiola is planning to invest her new loan in purchasing charcoal to sell in her community. She will also buy miscellaneous products like cosmetics and others things. She will run two different business activities -- miscellaneous product sales and charcoal sales. She said her most difficult challenge was to start her business. 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