El Buen Futuro 5 Group
Antonia S. is the group representative. She has four children who are grown. The youngest is 18 years old. However, she still supports all her children with their education, which is something she describes as one of her biggest challenges. She's glad that she is able to help them build a better future for themselves through a good education. In the future, she would like to have a house of her own and her own clothing store.
Antonia and her group mates are working hard on their businesses, but they still need the all support that we can give. On behalf of Esperanza International and this group of entrepreneurs, thank you 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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Success!! The loan was 100% repaid