Juana is one of the members of the Fuente Para el Desarrollo (Font for Development) 1, 2 & 3. They are micro-businesspeople who sell clothes, natural products, shoes, artisan crafts, etc. They are in the city of Samana, a tourist town in development. Their town is still rural but is a great natural escape, and these borrowers use this to sell their products to people visiting their town.
Juana is a mother of two children. She lives with them in her simple and rural home structure. Juana is very excited to be receiving her fifth loan from Esperanza International. She has successfully paid off her previous loans and taken steps to grow her business. She started her business almost six years ago. She will invest her new loan in purchasing hair and beauty products as well as other beauty parlor accessories. She runs a beauty salon. She will use her earnings to re-invest in the business while she saves for her children's education and other needs. Juana 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.