"Mujeres D. Fe" (Women of Faith) is a new group of 10 women who are all living in extreme poverty and don't have steady incomes. Maxima M., the representative of this group, is the mother of 3 children, who are her main concern. She wants a better life for her children more than anything else in the world.
Maxima plans on taking her loan and starting a small business selling used clothing. She also loves to paint and wants to try and sell her paintings as well. Her goal is to have a thriving business, and she dreams of being able to travel. This group is all excited about this new challenge and opportunity! On behalf of Maxima, 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.