Luchando Con Esperanza 1,2 Group
Yesenia is excited to be taking her first loan with Esperanza and she is excited to invest in her business which, in true entrepreneurial spirit, is a combination cafeteria and boutique. She plans to buy rice for the cafeteria and pants, blouses and shirts to sell in the boutique. She will use the profits to invest in her children by purchasing school supplies and uniforms and she will also save towards expanding her business. She thanks you all 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