"Maranatha" is a large group of 35 people. Right now, 20 of its members are seeking loans, all excited about the chance to improve their situation and life, and hoping this loan will be the start of that change. Maribel, the chosen leader of this group, is a hardworking mother of four young children, all under the age of 10. She realized some time ago that she needed to do something to help her young children have a good life, and this loan will present her with the opportunity to start a small business selling food. Mirabel dreams of having a thriving business that will support both her and her children.
The whole group is ready for this loan and ready to make a major change in their lives. On behalf of Maribel, 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.