Vecinas Unidas 1 & 2 Group
Francisco is very excited to receive his third loan from Esperanza Internacional, after having paid off his previous loans satisfactorily and having taken a step in his business' growth. He has had his business for almost two years, and he started it by buying a pig to sell roasted at a stand on the side of the main highway. He is planning to invest his new loan in the purchase of different types of meat. His business is a butcher shop, and he plans to use his earnings to improve his home, which he hopes to build soon. His dream is to improve his family's quality of life and offer them greater stability.
Francisco está muy emocionado de recibir su tercer préstamo en Esperanza Internacional, después de haber pagado satisfactoriamente sus préstamos anteriores y haber dado un paso para el crecimiento de su negocio. El ha tenido su negocio por casi 2 años, el cual inició comprando un cerdo para venderlo asado, en un puesto al lado de la carretera principal. Está planificando invertir su nuevo préstamo en la compra de diferentes tipos de carne, su negocio es una carniceria y planea utilizar sus ganancias para mejorar su vivienda, la cual espera poder construir en un tiempo no muy lejano. Su sueño es mejorar su calidad de vida, y ofrecerle a su familia mejor estabilidad.
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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