Cristo Me Ama 1, 2, 3 Group
Maria is excited to be receiving her fourth loan from Esperanza. She has had her business for about five years, and she started it with her savings. She has been saving her profits and reinvesting in her business. She is a very hard-working woman, and she says that she has worked as long as she can remember. She was a child when she started working and helping her family. Now she is very proud to provide for her children, so they can attend school.
Maria's group is located in the rural area surrounding La Romana, where sugarcane and tourism dominate the economy. She 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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