Martha is one of the members of the “La Buena Unión 1 (The Good Union).” They are micro entrepreneurs who sell clothing, shoes, crafts, etc. Their sales points are in the city of Hato Mayor, a farming community in the northeast of the country.
Martha is a single mother of three children, two of whom still live with her. She tells us that her most difficult challenge has been raising her children although she enjoys caring for them and attending church. Martha is very excited about receiving her sixth loan from Esperanza Internacional, having repaid her previous loan satisfactorily and taken an important step toward growing her business. She has had her business for about three years; she started it with her first Esperanza loan.
Martha will use this new loan to buy body lotion, deodorant, shampoo, hair conditioner and other cosmetics. She will use the profits to gradually build her house since her dream is to live in peace with her children in a good house. 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.