Dios Es Mi Pastor 3 & 4 Group
Susana sells miscellaneous products in her business, such as clothing, shoes, cosmetics, and accessories. With this loan, she is planning to invest in her inventory, because in the Christmas season all products are in high demand. Susana is very excited to receive her 8th loan from Esperanza International, after having successfully repaid her previous loans, and thus taken a step towards expanding her business.
She tells us that her most important challenge is to set a store where she can sells all her items, without going outside and walking in her communities and others nearby. She enjoys being at home with her long-term partner and 5 children; right now just two of them live together with her and their father. She is planning to reinvest her profits in her business, and to get clothes and shoes for her children. She thanks all of you 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