Confianza Y Dignidad 1 Group
She lives in a simple home with her long-term partner and their two children. Her most difficult challenges have been to establish her business and get new customers. From the beginning, it was very hard for her because she need to do business outside of her community, in a village that produces cacao, to do her milling there
Eridania is very excited about receiving her eighth loan from Esperanza Internacional, and has repaid her previous loans satisfactorily after using them to expand her business. She has had her business for about six years, and has been taking out loans from Esperanza for about four years. She will use this new loan to buy more cacao and equipment that will allow her to produce more milled cocoa. She will reinvest the profits in her business and set aside some money as savings. 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