Creciendo Para El Futuro 5 Group
Having repaid her previous loans, and because her business has grown, Juana is excited to be taking her 10th loan with Esperanza. She has had her retail clothing and shoe sales business for around five years. Juana plans to use this loan to invest in her business by buying dozens of each product in order to sell them for the Christmas season. She will use the additional profits to save and and to supply some of the needs of her children and for her home. Juana dreams of becoming a professional and having a successful business. This Esperanza associate began with us to access loans for her business. 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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Success!! The loan was 100% repaid