"Emmanuel" is a group of 15 people, 13 women and 2 men. The people in this group are very excited about starting their own businesses and about being in control of their own future. Right now, they are all living in extreme poverty in the Dominican Republic, and don't have any means of income. They are all looking to start small businesses and change that fact. Wilma is the group representative and she was chosen among her peers to be the group leader. She is a very faithful and humble person, and the type of person who will make a great leader. She is the mother of three children, and wants something better for their future. She plans on starting a small business selling food in her area. She hopes to continue receiving loans and to someday have her own restaurant. She also hopes to open a small store as well. She is very ambitious and realizes this is her chance to change her life! On behalf of Wilma, 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.