Note: Pedro is one of five microentrepreneurs in his Bank of Hope solidarity group, all of whom have gone through Esperanza's business training courses. Each of the five members will receive a share of this $1000 loan for their respective businesses and will be accountable to each other for repaying their share of this loan together. This group-lending method strengthens social needs in the community and helps ensure that members cooperate to help one another repay their loans and invest wisely in their businesses and families. As soon as Pedro pays off his current loan with Esperanza, this loan will become active.
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