Arturo is the representative of the group known as Unidos Venceremos, which consists of 10 hard working and ambitious people looking to start small businesses. Arturo, the father of two young children, is hoping to better not only his life but also the lives of his children by starting a small clothing sale business. His ultimate goal is to become a big clothing distributor, and his dream is to own his own house someday!
On behalf of Arturo, the group, and Esperanza International--- 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.