Clomena is the coordinator of her group, Esperanza de Dios (God's Hope) 5, composed of five Haitians who are living in a batey near the city of La Romana, an area where the economy is dominated by sugar cane, and where running water (none of it potable) and electricity are unreliable. She makes her home there in a simple structure with her long-term partner. Their children are grown and living in Haiti.
Clomena is excited to be taking out her third loan with Esperanza to invest in her business. She plans to use this loan to invest in her small food stand by purchasing vegetables, meat, charcoal, and fruit. She will use the profits to reinvest in her business and to cover their needs. She also helps her children and family by sending money to them when they need it. Clomena thanks all of you 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.