Mujeres En Accion 1 & 2 Group
Adelsy is the coordinator for her group, Mujeres en Accion (Women in Action), groups 1 & 2 of around 7 other groups in her community. Most of the members of these groups are Haitians immigrants or part Dominicans, and Adelsy's story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally.
Adelsy operates a comedor (a small neighborhood restaurant), where she cooks lunch, with sugar cane workers as her main customers. She will invest this loan to buy vegetables, rice, oil, and other goods to prepare the lunches. She hopes that with profits from her business she can eventually purchase her own home. Adelsy also looks forward to continuing to develop her business which allows her to support her children and raise them with good health and education.
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