Mujeres En Victoria 1 & 2 Group
Immacula is one of these members. She is the mother of three children, two of whom are already grown. Only the youngeS. is still living with her and her husband. With these loans Immacula hopes to inveS. in her Comedor - a little restaurant - where she sells lunch to her neighbors and people working around the community.
This is Immacula´s third loan with Esperanza International. She has taken a step toward improving her business by investing every loan to expand her business, which has been operating ten years already, in order to serve her clients. She started taking loans from Esperanza almoS. two years ago, after the program went to her community and a group of five women decided to start this group. Her moS. difficult challenges are to have her business improve and to have a good house and a vehicle for work and family.
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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