Mata De Palma 1 Group
Gisela is very excited to receive her 15th loan with Esperanza International, after having repaid her previous loans and taken steps to grow her business. She has had her business for about eight years. She started it when she took her first loan. Gisela plans to invest her new loan in her business. She sells new clothes and miscellaneous products. 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.
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