M H Group 3
This Esperanza associate is the mother of two children. She and her long-term partner have raised their children with many sacrifices and much effort. She started her business three years ago at home, with a little money that she was able to save. This is her sixth loan. Her previous loan was repaid satisfactorily and she has made some good investments. She currently operates a business selling natural juices.
Odilis is planning to invest the money from the new loan in fruits, milk, sugar, gallon containers, disposable cups, etc. She will use her profits to save and finish building her house, which she has been building little by little. Her favorite pastime is to study the Bible. Her main challenge is to have her own home.
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