El Triangulo 1 Group
Maria came to Esperanza for a loan that would allow her to grow her business by buying more products to sell. She plans to buy various items to sell including: kitchen utensils, sheets, curtains, cosmetics, silver jewelry, and other accessories. She has more than six years of experience and has successfully paid back five loans in the past. Her loans have helped her support her family and have allowed her to offer help to others that live in her community.
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