Cecilla L. is a Esperanza International borrower who is hoping to receive her seventh loan. She has a small business selling her artwork, being a very talented painter. She has two young children and lives in an extremely poor area in Seybo, Dominican Republic. Before she began this business selling her artwork, Cecilla had a really hard time providing for her children. She did not have a steady income and her family were living day to day. Since Cecilla took out her first loan she has been growing her business, and now she can finally provide the basic comforts for her family. She wants to continue growing her business and dreams of having both her children attend a university and better their lives. She is loving what she does and is happy that she can call her business her own. She is excited about her next loan, and can't wait to see what the future holds for her and her 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.