Miguelina is the coordinator of her group, Mujeres unidas en Amor (United Women with Love) 3, 4 & 5. This group is located in the urban slums surrounding Los Alcarrizos, an area where crime is rampant and where running water (none of which is potable) and electricity are unreliable.
Miguelina is the mother of three children and makes her home here in a simple structure with her long-term partner and their three children. She is excited to be taking out her second loan with Esperanza and by the opportunity to grow her business. She plans to use this loan to invest in her business, a small general store, where she sells different products, such as shoes, clothes, cosmetics, etc.
Miguelina will purchase miscellaneous products to increase her business inventory and to provide for more clients in her community. She will use the profits to reinvest in her business and to save for any need in her family. She 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.