Genesis 1, 2 &3 Group
Luisa makes her home in a simple structure with her two children. She tells us that her most difficult challenge is to raise her children and educate them, even while she is working and taking income home. Her children are attending school while she is walking around in different communities selling her products. She enjoys being at her home. She sells miscellaneous products like clothes, shoes, underwear and cosmetics. This loan, her 5th, will be used to buy more of these items to sell.
Luisa has repaid her previous four loans satisfactorily and is taking an important step towards her business’s growth. At the beginning she thought this loan could be good for capital, and now she loves the program and likes to share with all the members. She will continue using her business profits to cover her family's expenses and to reinvest in her business. She thanks all of you for your support.
In this loan, we are adding three pictures, they were taken in their community. The three pictures complete the group of 15 members.
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