La Cosecha 2 Group
Delsa is a married woman with 3 children. She devotes her time to raising her children while she works and attends to all her family needs. She would like to have a wholesale store, being able to provide a better life to her family and to give opportunity to others.
Delsa is very excited to be receiving her 4th loan from Esperanza Internacional after having satisfactorily repaid her previous loans and having taken a step further in growing her business. She has had her business 6 years. She is planning to invest her new loan in the purchase of medicine for her drugstore and lubricants for motor vehicles. She is planning to use her profits to invest in her business, thereby enabling herself to have more and better merchandise. Her dream is to be able to build a second floor on her house.
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