Creativas 1 & 2 Group
Maritza requires a loan to buy fruit and vegetables. She also wants to buy a big box of second hand clothes. She runs a fruit and vegetables stall in front of her house, and she also sells second hand cloths by walking. She has had her business for over 6 years, after a friend gave her a loan to buy vegetables, and after some months she decided to sell fruit. After hearing from Esperanza, she saw the opportunity to start selling second hand clothes. Her most difficult challenges have been to overcome economy crisis, and low income. She is mom of 4 children.
She says that her favorite thing is to work, and she wants to attend to the church. Maritza and her group are thankful 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