Las Ovejitas 1 Group
Jesucita is excited to be taking out her tenth loan with Esperanza and by the opportunity to grow her business. She plans to use this loan to invest in her business, a little restaurant called Comedor, where she prepares lunch for people in her community. Jesucita will purchase goods for cooking such as rice, beans, meat, and cooking oil, as well as disposables to serve at lunch. She will use the profits to invest in her business by rebuilding the structure, for a more comfortable a nice look. 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