Graciela is the coordinator of her group, Cristo la Fuente 1, 2, 3 (Christ the Source). She makes her home in a simple structure with her long-term partner and their 4 children. She says that her most difficult challenge is saving enough money to buy a house and to return to Haiti. In the meantime, she plans to continue to enjoy attending the church.
Graciela is excited to be taking her fifth loan with Esperanza. She has had her business for 7 and a half years, and it was started with a loan from a family living here before her in the Dominican Republic. She plans to use this loan to invest in her business by buying more shoes, clothes and cosmetic products to sell. She has been saving her profits because, through this business, she wants to make her dreams come true: to have her own house and to move back to Haiti.
Graciela's group is located in the rural area surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy.
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.