Los Excelentes 1 & 2 Group
Francisca sells underwear. She and the other members are doing business in their community and the nearest ones by walking.
Francisca is a hardworking mother with four children. Her most important challenges are to work hard to provide for her family and to help her long-term partner with extra income.
She is receiving her fourth loan from Esperanza Internacional and she is committed to working harder to improve her business. Francisca would like to save her profits to reinvest in her business. She wants to be a wholesaler and sell to other sellers. The 10 members of the group are shown in the two pictures taken in their community.
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