Luchando Contra La Pobreza Groups 1 And 2
Severina sells food, fruit and gasoline to others in her community. She has four years of experience with her business and this will be her fifth loan with Esperanza. She plans to use this loan to purchase meat (ham and chicken) and fuel to sell in her market. She wants to continue to grow her business more and more each day so that she can provide for her family. Since becoming an Esperanza client, she has learned how to make good investments with her money and to think about the future. She thanks 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