Ebenezer De La Rue Group
Viergena has been running her business selling general goods for the last eight years. She would like to use this loan to invest in various goods, such as clothing, cosmetic products, and shoes. Other members of the group have need of a loan for businesses, such as grocery items, charcoal, and cosmetics.
Viergena says that her dream is to expand her commerce and to have a prosperous enterprise.
Viergena a dirigé son commerce de produits divers pendant les 8 dernières années. Elle voudrait utiliser cet emprunt pour investir dans achete produits divers, que des vêtements, des cosmétiques, des chaussures. Des autres membres du groupe ont besoin d’un emprunt pour faire du commerce comme vendre des produits alimentaires, charbon et des produits cosmetique.
Viergena dit que son rêve est d’agrandir son commerce et ayant une entreprise prospère.
More information about this loan
This loan is designed for a borrower or group of borrowers in Haiti. Esperanza is one of the few MFIs currently working in the northeast region of the country. Through lending, the organization aims to stimulate economic growth and opportunity in a country that has suffered debilitating crises, including political instability, natural disasters and poverty. Esperanza lends primarily to groups of women who cross-guarantee each other's loans. They also receive financial literacy courses and health services.
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.
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