Mujeres Esforzadas Group
Horimena came to Esperanza International to try and receive a loan so she could start her own business. After many meetings and workshops, Horimena is ready to take out her first loan and start earning a steady income. She plans on starting her own business selling used clothing in her area. Though it is hard to even talk about her dreams for her children, she did say that she is excited to have her own business.
Her first goal is to grow her business so she can earn income to pay for her children's education. She said one day she does want to own a house, but she knows a lot of hard work lays ahead of her. She is ready to take the first step to a better life, and is hoping that this is the start of a better future for her whole family!
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.
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Success!! The loan was 100% repaid