La Confianza 1 Group
Santa has had her business for around five years. She started it with some savings she had. She used a little bit of capital to buy miscellaneous products and started selling from her house and by walking around. After some years of doing business, she needs to invest more capital in her business so she attended the Esperanza International program in her community.
Santa is planning to use her new loan to purchase cosmetics, clothing, shoes, jewelry, and other products. She will use her business profits to continue investing in her business and to save for her future plans. She will achieve her dream of having a successful business and stable income to support her family. 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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This loan has been fully funded!