Marta is the coordinator of her group La Buena Fe ("The Good Faith") 1 & 2. Her group is located in the rural area surrounding Hato Mayor, a sleepy agricultural town. The group comprises ten micro-entrepreneurs dedicated to selling different products. Marta makes her home here in a simple structure with her long-term partner and five children.
Marta is excited to be taking out her fourth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling miscellaneous products. She intends to use the loan capital to purchase cosmetics, rings, chains, bracelets, and other jewelry. She will use the profits to save, because she needs to finish building her home and invest in her children's education. 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.