Mujeres Valientes 1, 5 & 6 Group
Manesa is very excited to receive her sixth loan from Esperanza Internacional. She has had her business for about 12 years, having started it after arriving in the Dominican Republic and seeing the need to begin working. She used a little bit of capital to go into the business of selling food. Manesa is planning to use her new loan to buy foods such as rice, beans, sugar, vegetables, cooking oil and meats, as well as to buy used clothing. She will use her earnings to invest in her business so that she can improve sales and save enough money to finish building her house. She also wishes to have good health and a life that is more economically stable. She tells us that her most difficult challenge has been to devote herself as a mother to give her children a better future.
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.
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Success!! The loan was 100% repaid