Yuberkis is the coordinator of her group Fuerza Divina (divine force) 5. This group is located in Hato Mayor, a rural town where the economy is based around agriculture. She makes her home here in a simple structure with her long-term partner and their three children. She is excited to be taking her fifth loan with Esperanza, after having successfully repaid her previous loans. She runs a business selling food.
Yuberkis started her business with the first loan she received from Esperanza. She is planning to invest her new loan in the purchase of rice, beans, sugar, flour, canned food, and other goods. She tells us that her biggest challenge has been to build her house. She will use the profits to reinvest in her business, she wants to have a successful grocery store or Colmado (as we call it). When she starts to receive a better income, she will build her house and help her long-term partner with expenses. She thanks 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.