Esperanza Del Barrio Azul Group
Marie is 35 years old and lives with her husband Isidro, her 19-year-old daughter, and also cares for a 14-year-old girl. Marie makes and sells sweets to her neighbors and friends, specializing with the local supply of coconut and peanuts. Since sweets are a luxury, Marie would like to use this loan to purchase rice and maybe some clothing that she can sell for a profit. These items will help her keep a steady income when the sales of her sweets aren’t as high.
This is Marie’s 3rd loan with Esperanza, and she has a perfect repayment record. She hopes that her two girls will have better lives due to her increase in profits. Marie is very thankful for her loan and her relationship with Esperanza, saying “when I have difficulties with my business, I know I can come [to Esperanza] for support”. Thank you for your loan to Marie and to the Esperanza del Barrio Azul group!
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