Porvenir Femenino Group
Flavia’s family is made up of herself and her five children, 2 of whom still live with her in her home. They live in a wooden house that Flavia wants to upgrade into a concrete block structure. This is her most difficult challenge. But she says this is not impossible because with her work and God´s will, she will makes this dream come true and give her children all the support and anything they need.
Flavia has a business selling gasoline from the front of her house. She lives on the edge of one of the main roads. Many people drive through it and stop at her gasoline stand. She has been engaged in this business for 8 years. She tells us that she started this business thanks to some savings she had, then she was able to apply for loans from Esperanza and was able to invest further. Flavia has accessed and repaid 11 loans with Esperanza Internacional. She will use this new loan to buy gasoline and motor oil.
Flavia and her group thank 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