Confianza En Dios Group
Rose has done different jobs to help her partner with the household necessities and bring in extra income. She wants to accomplish one of her most difficult goals - to have her own home. She is very excited to receive her seventh loan with Esperanza International. She will invest the loan in purchasing different types of clothing for women and men, cosmetics, and especially women's accessories. She has worked in selling clothing for many years and with this loan, she plans to grow her business by adding different products to bring it to another level.
She can then use her profits to make changes in her life, including saving money, purchasing a house and helping her family.
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