This is a group of five people hoping to receive another loan. Each person in this group has received loans in the past and have all paid back all the loan payments. Each member has had some success with their business and is now at the point where they want to expand and start generating more income.
Juana G. is the group representative and is a very dedicated mother to three children. She works as hard as she does because she wants a better life for her children. She says that her main goal is to get her children educated so they can get out of their poverty and live a better life. She has a small business selling used clothing in her area and hopes to one day have her own clothing store. She dreams of traveling and having her own house. This loan could be the start of getting her to those dreams and getting her children to college!
On behalf of Juana, 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.