Mujeres De Debora 2 Group
Luz Maria has been operating a business for approximately three years, and she started with her first loan in Esperanza. She is the mother of three children. While she worked in different jobs and made various businesses, she saved her profits and helped her husband. She tells us that her most difficult challenge was to pay for her children's education, especially when hard times were coming. One of Luz Maria's dreams is to travel to another country.
Luz Maria thanks you all 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