Hirza is one of the members of La Fuente de Bendicion 7 (The Source of Blessing 7). They are five micro-entrepreneurs in the rural area surrounding Hato Mayor, an agricultural area. Hirza is the mother of five children, and they live together with her long-term partner, in a rural village outside the town. She started selling clothes almost ten years ago.
Hirza is receiving her eighth loan. She repaid her previous loans on time and made good investments. She is planning to use her new loan to purchase miscellaneous products to resell, like clothes, shoes, cosmetics, etc. She started her business with a loan she received from Esperanza almost nine years ago. After she had taken her first three loans from us, she stopped taking loans from Esperanza for approximately three years, but now she has started again. Since this second chance, she has taken eight other loans.
Hirza will use the profits to continue rebuilding her house. Little by little, she plans to finish building it. Her most important challenge is to continue improving her business. She is really focused on helping her children to get a better education, good health and a better life. 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.