Creativas 1,2,3 Group
She lives in a poor area with poor drainage, sewage, electricity, and water infrastructure. The house, where she lives with her three children and another young girl, who is the orphaned daughter of her former neighbor, is maD. of cement block and roofed with tin sheets.
Maritza owns a small restaurant in this house where she sells snacks and breakfast to the nearby factory workers and everyday people who happen to pass by. Using this loan from Esperanza International, she is planning to buy rice, beans, flour, potatoes, plantain, oil, greens, and meat to begin selling lunch as well. She is currently fixing her leaky roof, clearing out a room, and saving to buy a table so that her clients can stay to eat their food instead of taking it to go. Maritza expects that this homely atmosphere will attract many more customers.
She has enjoyed working with Esperanza so far and really appreciates the low interest rates that make it possible to make the repayments on time and still leave her with enough money to pay for her children´s food and education. Thank you for helping her dream become a reality!
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