"Rosa De Saron" is a group of 15 women ready to change their lives. Each is looking to take out a small loan to start her very own business and begin generating income. Annelouse, the chosen representative of this group, is a very hardworking lady ready to be responsible for this group’s success. The mother of four very young children all under the age of 12 years old, she has always been a good cook and wants to start a small business selling food. She knows that her children’s futures are dependent on this opportunity, and she is ready to act now. The rest of the group feels the same way, and is ready to take the next step!
On behalf of Annelouse, the rest of the group, and Esperanza International----- We 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.