El Tesoro 4, 5 & 6 Group
Yaquelin lives with her long-term partner and three children, and operates a colmado, a grocery store, run in a neighborhood whose people buy their daily meals. She will use this loan to purchase goods such as rice, sugar, beans, cooking oil, and canned food to increase her store's inventory. She is excited to receive her sixth loan with Esperanza and her group, as with each loan she has been able to improve her business, making it possible for her to proviD. for her family's needs and save to build her house in the future. She enjoys working in her little store and her dream is to have a big grocery store or a supermarket.
Yaquelin says that her most difficult challenges are to continue improving her business and helping to proviD. for her children's education. "Obtaining an education in The Bateyes is very difficult, because students need to go to the nearest town to get a better education, and for most it means more expenses," Yaquelin said. She thanks all of you for your support of her business and her group.
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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