Felicia is the group coordinator for El Milagro (The Miracle) 3. This group is composed of five women entrepreneurs. Felicia lives in a rural area near the city of Hato Mayor, a city surrounded by rural areas, because of her agricultural activities. She is a married women with seven children, but only one of them lives with her husband and her. Felicia is receiving her 13th loan and she is very excited. She started her business almost 7 years ago with her first Esperanza loan.
Felicia sells charcoal, fruits, and vegetables in her stand in front of her home. She would like to continue expanding her business by adding more products like meats. She will use this loan to buy charcoal, fruits, vegetables, chicken, and beef. She likes to work and to do business and she will use her business profits to expand her business into a grocery store. She thanks you all 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.