Fe Y Progreso 3&4 Group
Yngris and her husband have four children and live in a small community called Batey Las Baja with the other borrowers from the group. Bateyes are rural communities that were built by sugar companies for their workers. They are isolated and lack any kind of reliable electricity, running water, or medical facilities. Despite these difficulties, Yngris runs a successful business selling clothing to her friends and neighbors. With this loan, her eighth with Esperanza International, she will purchase new pants, blouses and shoes.
Yngris originally came to Esperanza because she had seen others with loans and the success it gave them. She and her husband decided that they could not miss this opportunity, and now Yngris is on her way to her dream of having her own boutique. Her business came slow before, but now with extra capital her business is progressing. With your support, Yngris can achieve her dream of growing her business. Thank you for lending to Yngris 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