Ana R. R. is a coordinator for the group Mujeres Pensando en el Futuro (Women Thinking of the Future). Her group has five members. Ana is 58 years old, and her husband is 56 years old. They do not have any children together, but she is the mother of two, and he is a father of three. All of the children are adults.
Ana has a small cafeteria. In the cafeteria, it is possibly to buy coffee and drinks, such as orange juice and soft drinks. She also sells snacks. Ana is about to receive her second loan.
The first loan made it possibly for her to expand her business. With her new loan, she hopes and believes she can increase her business even more. She has two dreams. The first dream is that she one day will be able to buy a nice house. The second dream is to travel as a tourist to the USA and Mexico.
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.