Argentina is the coordinator of her group, Esperanza Divina (Divine Hope) 4. This group is located in Hato Mayor, a rural town where the economy is based around agriculture. She makes her home here in a simple structure with her two children. She is a divorced woman.
Argentina sells miscellaneous products like clothes, shoes, cosmetics, and others. She started her business with some savings and by taking credits from different suppliers. This is how she financed her business until she was invited to a meeting where her neighbors explained about Esperanza International and this program. She was very excited and took out her first loan to invest in her business. That was almost five years ago. Now, she is taking her ninth loan with Esperanza International.
Argentina is excited to be taking this loan with Esperanza after having successfully repaid her previous loans. She is planning to use it to increase her inventory. She is running a 'Fantasia' (a small miscellaneous product store). She 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.