Guilene has been working by selling various products for the last six years. She hopes this loan will help her expand her commerce.
The other members of the Diciple group need a loan for their commercial activities, such as the sale of cosmetics, shoes, food, carbonated drinks, etc.
Guilene says that her main challenge is becoming a large merchant.
Guilene espère que cet emprunt l’aidera àgrandir son commerce. Des autres membres de Diciple ont besoin d’un emprunt pour le commerce tel que ventes produits cosmétiques, chaussures, nourritures, boissons gazeuses, etc. Elle dit que son défit principal est de devenir un plus grand commerçant.
More information about this loan
This loan is designed for a borrower or group of borrowers in Haiti. Esperanza is one of the few MFIs currently working in the northeast region of the country. Through lending, the organization aims to stimulate economic growth and opportunity in a country that has suffered debilitating crises, including political instability, natural disasters and poverty. Esperanza lends primarily to groups of women who cross-guarantee each other's loans. They also receive financial literacy courses and health services.
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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