Unidos Por El Progreso 1 Group
Maria started out just selling juice and other snacks in a small cafeteria, and now she has a large business with more inventory and customers. She is excited to receive her 5th loan through Esperanza. She started to do business after she took out her first Esperanza loan, almost 3 years ago. She will use her loan to improve her inventory by buying more goods. Her business profits are to be saved and in the near future she wants to build her house.
Maria is an extremely hard-working mother with two children. They all live together with her husband, who is also her children's father. Her most difficult challenge is to have her own house. She enjoys taking pictures.
You can really help Maria and the rest of this group "Unidos por el Progreso" to achieve their dreams by funding this loan!
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