El Sol Sale Para Todos 4 & 5 Group
Flor is receiving her 17th loan. Each previous loan has been repaid satisfactorily, and she has made good investments. She is currently selling clothes and running a fruit-and-vegetables stall. She is planning to use the new loan to buy chicken, bananas, potatoes, papayas, and yucca, and also pants, t-shirts, skirts, and other types of clothing.
This associate of Esperanza is a mother of three children, and they live together with her and her long-term partner. She will use profits to save, because she wants to finish building her house. Her favorite pastime is to do business, and her main challenge is to live in a safe home. 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!