Unidas Para El Progreso 1-3 Group
Maria and her husband have nine children, ages six to twenty-three, all of whom live in their home. She and her family live in Batey El Fao, a small rural community northwest of San Pedro. Bateyes are small communities built by sugar companies for their workers. They typically have poor housing, scarce electricity, and unreliable running water that is never potable. With the profits from her business over the years, Maria has been able to construct her own home from cement block, a significant improvement over the typical local home.
This is Maria’s sixth loan with Esperanza. She plans to use the loan to purchase rice, beans, oil, and other staple foods for her small colmado, or general store. She came to Esperanza because she likes the borrowing model based on holistic development. Maria not only receives loans, but also savings and health services for her family, among other things. She hopes that with the profits from this loan, she will move closer to her dream of sending her children to college. With your help, Maria can reach that goal. Thank you for lending to Maria and the Unidas para el 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