Enelcida is the coordinator of her group Fe y Amor 2 (Love and Faith 2), a group of Haitian emigrants. Her group is located in the rural areas surrounding La Romana. She is a divorced mom and makes her home here in a simple structure with her six children. She says that her most difficult challenge is to work hard and return to Haiti with enough capital to set a business.
Enelcida is excited to be taking her 12th loan with Esperanza after having successfully repaid her previous loan and expanded her business. She has been operating her business for more than eight years, starting with some savings. She plans to use this loan to invest in her business by buying flour, rice, butter, sugar, beans, meat and other items to sell in her grocery store and fritura (fried food stall). She will use the profits to save and plan for her future, while she dreams to return to Haiti.
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.