La Revolucion- Group 1

Jacqueline Nunez Medivier is a married mother of three children, ages 8, 10, and 12, who is trying to improve her life for herself and her children through loans from Esperanza. She has been working with loans for about 1½ years now in her business where she runs a small seafood restaurant. Her business specializes in seafood, but when asked what she enjoys eating most she says, “Me gusta toda” (I like everything). She is an avid churchgoer and a firm believer in Christ. In the future, Mrs. Nunez Medivier hopes to see her business grow and move forward to provide for herself and her young children.

Mrs. Nunez Medivier is a member of a 7 person group, Group 1, which is part of a larger micro-bank called La Revolucion, "The Revolution" in English. In the picture, Mrs. Nunez Medivier is in third from the right in the back with a blue shirt on along with members of her group and some others of La Revolucion. Her story is just one of a list of men and women who are improving their quality of life through the help of micro-credit loans of Esperanza. Together, this group has united with a common vision of a better life with faith and hope in their hearts and an unbreakable spirit. The concept of group lending is to have loans paid in a group to reduce the risk of a person defaulting, as others pick up where a person may lag to receive the next loan. Each of the associates in this bank has a similar business such as a restaurant or selling clothing. Thank you for your support and awareness of this issue, and it is your concern and efforts that is able to bring a difference to the lives of people such as Mrs. Nunez Medivier.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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