Ana operates a variety store. In her store she is able to offer a wide variety of products including meats, vegetables, coffee, sugar, stove-top gas for cooking, and men’s and women’s clothing. Aided by Esperanza International, Ana has been able purchase materials in greater bulk to gain savings advantages and offer wider product variety to her customers. Ana has encountered some setbacks over the life of her business, including the death of loved ones, but her ambition remains to own her own home and to encourage the prosperity of her children (ages: 32, 30, 27, 24, 22, 20).
Ana is not alone in her quest to succeed through entrepreneurial activities. Ana is a member of the micro-finance bank “Pasos Firme”. Along with four other women, Ana is seeking additional loan funds from Esperanza to encourage growth in her business. Other member’s of Ana’s micro-finance bank run similar entrepreneurial ventures including selling fried food and ice cream, and used clothing sales.
On behalf of Esperanza and this group of business entrepreneurs, we would like to 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.