"Cristo Vive" is a large group of 35 people, 20 of which are hoping to take out a loan. For many of them this is their second loan, and a loan they hope to use to increase their business. The business range from clothing sales to salons. Miline is the chosen group representative due to her hard work and dedication. Miline is a hardworking mother of 5 very young children, the oldest being only 10 years old. She took her first loan and started a small business of selling chicken and other types of food. With this next loan she feels like she can increase her business greatly and start making money to support her family. Her dream is to have her own store someday, and be able to provide her family with comfortable life. On behalf of Miline, 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.