Bernarda is the coordinator of her group, Libertad (Liberty). Her group is located in Samana, a lush, rugged peninsula with a nascent tourism industry. She makes her home here in a simple structure with her husband and one child. She says that her most difficult challenge has been to finish building her house. She enjoys being with her family.
This is Bernarda's ninth loan with Esperanza after having successfully repaid her previous loans and growing her business. She has been running her business for around five years, after she decided to run a small business from her house. She started selling groceries and she is now running a clothing sales business and also has motorcycles for rent. This loan will be used to buy clothes for her clothing sales business. She will use the profits to reinvest in her house. She is very thankful 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.