Fe Y Progreso 1 & 2 Group
Kirce and her husband Jose have three young children, ages 12, 11, and 3. In order to support her family and send her children through school, Kirce operates a small business selling parts and accessories for motorcycles. As soon as you enter San Pedro, it is easy to see why this is a good business to be in: motorcycles are far and away the most used form of transportation within the city. Drivers called “motoconchos” bring people all over the city, acting as an informal taxi service. Kirce’s products are in high demand, and with this loan she hopes to expand her inventory.
This is Kirce’s fifth loan with Esperanza, and she hopes to continue taking more loans in the future. She hopes that her success in business will lead to a healthier life for her children. She wants them to become professionals in whatever they choose and have a different life than she has had. Thank you for your loan to Kirce and the Fe y Progreso group!
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