Adelaida is the coordinator of her group, Vecinas Unidas (United Neighbors) 6. This group is located in the lush, rugged Samana peninsula, an area with a nascent tourism industry, where running water (none of which is potable) and electricity is unreliable. She makes her home here in a simple, rented structure with her long-term partner and her child.
Adelaida is excited to be taking her ninth loan with Kiva partner Esperanza, after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business with a small grocery store, four years after she began running a little food market, where she sells daily food, like canned food, flour, sugar, rice and other goods. She will use the profits to provide for her family and to save. She will also save toward her dream to have her own home. She thanks you all 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.