Violeta is the coordinator of her group called Gloria (Glory). This group is compounded mostly by Haitian citizens. Her group is located in the areas surrounding San Pedro, a poor area where the economy used to thrive on sugar cane but has more recently waned, and where running water (none of which is potable) and electricity are unreliable.
She makes her home here in a simple structure with her long-term partner and two children. Violeta is excited to be taking out her first 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 more clothes, shoes and cosmetic products. She will use the profits to save and improve her business. 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.