El Samaritano 3,5 Group
Her group is located in a rural areas surrounding Hato Mayor, an area where the economy is centered around agriculture and where running water (none of which is potable) and electricity are unreliable. Julissa makes her home here in a simple structure. She is a single mother with two children.
Julissa is excited to be taking out her third loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to buy underwear in bulk and then resell it at retail prices in the main market. Julissa will use the profits to support her children by purchasing shoes and by repairing the floor in her home. She thanks you all for your support.
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