"Mujeres Activos," as the name suggests, is a group of 10 proactive women, each trying to take a step to better their lives. Ramona, the chosen group leader, is a hardworking mother of one child and is requesting a loan to start a small business selling food. Ramona is ready to start changing her life, and feels like this loan could be the start of something great! The whole group realizes this as well, and is excited about this new opportunity and has great hopes for the future!
On Behalf of Ramona, 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.