Shalom 2 Group
She is very excited to receive her 12th loan with Esperanza Internacional after having duly repaid her previous loan and taken steps to grow her business. She has had her business for about six years. She started it when she took her first loan. Lucia plans to invest her new loan in her business. She is running a cafeteria, where she sells sandwiches, juice and other snack foods. She will invest this loan to purchase goods for sandwiches, hot dogs, natural juices, fried foods, and other snack foods. She will use her business profits to expand her 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.
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Success!! The loan was 100% repaid