La Fuerza Group 3
Suzana now owns the cafeteria she has been working at since she was a child. It was passed down to her from her parents, and previously by their parents. In her cafeteria, she bakes and sells cakes, pastries, juices etc. She also specializes in baking wedding and birthday cakes.
This would be Suzana's fourth loan through Esperanza. With it she plans to purchase ingredients such as flour, butter, and sugar in bulk in order to cut down on her costs, which usually scale up quickly when she buys only small amounts every few days. She hopes to continue to grow her business and improve her living conditions. When her children are old enough to go to college (the eldest in just two years) she hopes the income from her business will be able to pay for their education.
One of her long term goals is to continue to push herself in order to provide a better future for her children so they won't have to go through all of the hardships she has gone through.
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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