"Luz Divina" is a group made up of 10 hopeful entrepreneurs. They are all hoping to take out their first loan, and start to change their situations. Every member of the group is currently living in extreme poverty. None have a steady income. They are all looking to make a change, and want a better life. Diana is the group leader and representative, and says she feels ready to lead her friends in this new challenge. She is a hardworking mother, and wants to better not only her life but the life of her loved ones. She plans on opening a small food stand, and hopes to one day have her own thriving business, and possibly even her own restaurant. The whole group is ready to take this step, and better their lives. On behalf of Diana, 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.