Cristo Redentor 5 & 8 Group
Francisca and the other borrowers live just north of San Pedro in Batey Victorina. Bateyes are small rural communities originally built by sugar companies to house their field workers. They lack potable water, reliable electricity, access to medical facilities, and many other amenities taken for granted in the developed world. Francisca lives with her husband and three children, ages three to seven, and currently is due to give birth next month! She runs a small business selling clothes to her friends and neighbors for extra income for her family. Francisca will use this loan, her fourth with Esperanza International, to purchase new jeans, blouses, and t-shirts to sell.
In addition to running her small business, Francisca also helps her sister with a hair salon. This gives her two jobs, and she is obviously also a full-time mother with one on the way. Francisca loves Esperanza, and is very grateful for the loan officers that she has worked with. She dreams to help her children with the profits from the loans, sending them all to get great educations. Francisca is also planning on adding on to her house, because currently she feels it is too small for her growing family. With your loan, Francisca will be one step closer to that dream. Thank you for lending to Francisca and the Cristo Redentor 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