La Fuente De Bendicion 1 Group
Carmen lives near Bahia, in the town of Hato Mayor, an agricultural zone. She has four children and lives with her long-term partner. Her most important challenge is to have a successful restaurant. Carmen is requesting her eighth loan from Esperanza International. Because her loan repayments have all been made punctually, she has been able to grow her business with the re-investment from each loan. She has had the opportunity to improve her life and family and expand her business to get more clients.
Carmen would like to save her profits to finish building her house and give her family some economic changes for the future. In the future, she wants to have a successful business. 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!