El Milagro 4 Group
This is Leonida's 10th loan. She sells cosmetics, from her home and by walking around her community and others. Also, she sells wholesale to minor customers. She would like to continue expanding her business, by increasing her inventory to attract more customers and sell more products. She will use this loan to buy different kinds of cosmetics, like body lotion, perfume, hand cream, deodorant, face cream, and many others.
Leonida says she enjoys doing business. and her most important dream is to expand her business. She started the business on her own, with her first Esperanza loan five years ago, and she has reinvested and increased her sales over time. 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!