Aida is the coordinator of her group "Rayo de Luz" (Ray of Light) 1. This group is located in the rural areas surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy. The group members are dedicated to selling cloth, food, shoes and many other miscellaneous products in their “batey” community (generally made up of poor, migrant workers) and others nearby.
Aida has had her business for approximately four years, starting with some savings she had. She plans to use this loan to invest in her food store "Colmado", where she sells rice, beans, sugar, canned food, vegetables, meat, and other goods. With this loan, she will invest in her business by increasing her inventory.
Aida says her most difficult challenge has been to improve her business and introduce more products. She also added that, thanks to the Lord and these loans, she has been able to increase her economic activities. One of her favorite things to do is to serve.
Aida is excited about her sixth loan with Esperanza. She will use the profits to improve her business. Aida thanks all of 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.