Mujeres Luchadoras 1 Group
Maricela is the coordinator of her group, Mujeres Luchadoras 1 (Fighting Women). She makes her home in a simple structure with her long-term partner and six children. She says that her most difficult challenge is to build a house. Now she pays rent. She operates a miscellaneous product store (general store).
Maricela is excited to take out her fourth loan through Esperanza after having successfully repaid her previous loan to help grow her business. She has been in business for almost 16 years. Maricela plans to use this loan to buy clothes like pants and t-shirts, cosmetics, shoes, and especially women's apparel.
She will use her profits to save for her future home. She is working hard to build a safe house and hopefully make her dream come true. Maricela wants to have a store and pay her loans back.
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