Santa is a borrower who lives near San Pedro de Macorís, Dominican Republic. She is the coordinator for her group, El Progreso (Progress) 4 & 5, and her story is representative of the other borrowers in the group.
Santa and her husband live in a batey with their four children. A batey is a small, rural community built by a sugar company to house their field workers. Santa has a successful business selling clothing to her community and others nearby. This is her sixth loan with Esperanza International, and she is planning to invest it by purchasing more merchandise and increasing her inventory for the Christmas sales.
Santa has made one of her dreams come true: to sell her merchandise in other communities. Her business has been prosperous over the three years she has taken loans out from Esperanza. Santa's greatest challenge is to provide for her children so that they can start college after they finish the school year. Santa thanks you for lending!
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.