Margarita is the coordinator of Cristo es la Esperanza (Christ is the hope) 4, 5 & 6. She lives with her long-term partner and their three children in a simple structure, located in a rural community in the city of La Romana. Specifically, the community is a batey (company town) founded for sugarcane workers.
Margarita says that her most important challenge is to have her own house and to raise her children providing their own safe home and all their needs. She operates a fruits and vegetables stall, a place where she sells goods to make daily income for food. This is a small stall in front of her house selling the most favored vegetables like plantains, cassava, potatoes, and veggies for salad. She plans to use this loan to invest in her business to buy vegetables, fruits, meats, charcoal, etc.
Margarita is excited to receive her second loan with Esperanza, each one helping her to improve her business. With her profits, she will reinvest in her business and save. Margarita thanks all of you for your support of her business and her group.
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.