Clautide is the coordinator of the Group La Fuente (The Fountain) 1, 2 & 3. The members live in the slums located to the north of Santo Domingo. This group is located in one of the poorest community to the north of Santo Domingo. Clautide sells fruits and vegetables. This is the first loan she has requested from Esperanza, and she is planning to purchase oranges, bananas, pinneaples, papayas, and other fruits and vegetables. She is very excited about this loan, which made it possible to reinvest in her business and expand her sales into more products and clients.
Clautide tells us that her challenges has been to start her business, going forward and to raise her children. She is a single mother of two children, and they live together with her. Her business profits will be used to reinvest in her business. She thanks all of you for your support.
In this loan, we are adding three pictures, they were taken in their community. The three pictures complete the group of 15 members.
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.