Awilda lives in San Pedro de Macoris, in one of the most rural areas called Batey (a community surrounded by sugar cane fields). Awilda and her group of five members are taking loans for their businesses. This group is named Las Escogidas 3 (the chosen). She requires a loan to buy underwear to sell by walking in her community and others nearby.
Awilda is excited to receive her first loan with Esperanza International and in this group. She will take a step toward having one of her wishes come true — the one to invest in her business and establish it; she wants to be a underwear wholesaler and with this loan she will start to work for it. She is a young woman who wishes to study, become a professional, and to have a family. Awilda says that her favorite thing is to do business. She and her group are thankful 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.