Cristina is the coordinator of her group named La Reforma 2, 3, 5 & 7 (Reform). She has a long-term partner and is a mother with 4 children, all living with her in a simply structured home, in a rural village of San Pedro de Macoris, a city famous for baseball players and the sugarcane industry. The main economic activity here is the free-trade zone, a cement factory, and other businesses.
Cristina has been selling gasoline for approximately 10 and a half years. She used some money she had to start the business. She plans to use this loan to buy more gallons of gasoline. She will reinvest the profits in her business so she can expand her sales and supply more clients. This is her 10th loan with Esperanza International, and she is very excited about it. She has been investing all her loans in her business, which has made it possible to respond to the need for gasoline in her community. She sells her gasoline at a small stall next to one of the main roads in her village. Cristina thanks you all for your support of her group's dreams.
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.