La Union Hace La Fuerzas is a group of 15 women looking to receive their second small loans. All the women used their first loans to start very small businesses, and so far all member have tasted a little success. With their second loans, they all plan to grow their businesses and hope to increase their incomes.
Daphne D. is the leader of this group. She was chosen because of her work ethic, and everyone in the group trusts her leadership. She started a very small clothing business and is hoping to eventually earn enough to open her own small clothing store. Daphne is the proud mother of 5 children, and she dreams of being able to travel with them. She feels that these loans are the tools that will help her reach her dreams.
On behalf of Daphne, 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.