Esperanza Divina 3 Group
Luisa lives in a simple home structure with her husband and with one of their two children. She says her most difficult challenge has been to rebuild her house. She enjoys reading and staying at home with her family. She started her business with the first loan she took from Esperanza. She runs a beauty salon and she has also been selling through a catalog, one of the leading brands of natural medicine. With this loan she will invest by buying hair and beauty products, natural medicine and others products. She will use the profits to reinvest in her businesses and to save for her family's needs, like to finish building her home with a safer structure. 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