Las Reinas 3 Group
Emilia H. and EsteL. V. are two of the group members. Emilia is 54, has no children and sells personal-care products. Emilia did not have the opportunity to attend school. EsteL. is 28 and single, with four children that depend completely on her. She runs a small butcher shop. She dreams of making her shop grow so she can become a meat supplier for larger markets.
Thank you for helping these entrepreneurs in their initiatives to build a better future for themselves and their communities!
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