Ramonita is the coordinator of her group El Futuro (The Future) 3. This group is located in the area surrounding La Romana, an area economically dominated by the sugarcane harvest. She makes her home here with her five children. She said that her most difficult challenge has been to educate and take care of her children while she is working to pay for all they need (food, clothes, etc.). She enjoys being at home with her children after work and school.
Ramonita is excited to be taking her sixth 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 by purchasing clothes. She runs her business by walking in her community and in other communities nearby. She is Haitian and is a single mother. Ramonita's profits are the only income for her family's survival. 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.