Fuente Para El Desarollo- Group 2
She owns a business, selling materials for shoemaK. and other products such as perfumes. The loan will be used to buy materials and the other items she sells. Ms. K. A. has been worK. with Esperanza for 2 ½ years. She was able to start her business with the help of loans she acquired. She is currently worK. out of a small wooden house. In the future she hopes to have a larger establishment maD. of stone that can withstand the weather.
Ms. Josephina K. A. is part of a 6 person group (Group 2) that is part of a 35 person micro-bank called Fuente para el Desarollo, or Fountain for Development in English. In the picture, she is in the middle with a white sleeveless shirt. The others are group members or members of their micro-bank.
Ms. A.'s story is just one of a list of men and women who are improving their quality of life through the help of Esperanza micro-credit loans. This group has united with a common vision of a better life through faith and hope in their hearts and an unbreakable spirit. Each of the associates in this bank have a similar business whether it is selling shoemaK. materials or operating a taxi service. Thank 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.
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Success!! The loan was 100% repaid