Pasos Firmes Group 3
The revenues from Maria's in-home enterprise are crucial to the well-being of her family. Along with her husband's earnings from cultivating and harvesting sugarcane, Maria's business supports six dependents, including four of her own children (ages 18, 16, and 15) and two nephews (ages 7 and 4). All of Maria's children attend school, and she hopes to be able to send them to the university some day. Maria recognizes the connection between the success of her business and the opportunities available to her children. She hopes her business will grow so that her children and nephews might have a better life. Currently, opportunities for socioeconomic mobility in the batey communities are scarce. The bateys are generally geographically isolated, and, because a majority of batey residents are of Haitian descent, they often face great challenges obtaining citizenship and other political rights in the Dominican Republic.
Maria is a member of Group 3 in the Pasos Firmes (Solid Steps) Bank of Hope. In the accompanying photograph of the borrowers in Pasos Firmes Group 3, she is second from the right.
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