Camino De Victoria 4 Group
Zenaida is excited to be taking her third loan. She plans to use this loan to invest in her business by buying clothes, shoes, and cosmetics. She will use the profits for savings because the family needs to build a house and her husband's income only provides for basic expenses. Zenaida dreams of having her own home in a good structure, safe and beautiful, and thanks to her business and to Esperanza loans, she hopes that her dream will become reality.
This group is located in Santiago, in one of the slum zones where they are doing their business by walking and from their homes. These five members are dedicated to selling clothes, shoes, groceries, etc. They all thank 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