Maria M. is the group 1 coordinator for the Unidos Podemos (United we Can) Bank of Hope from El Seybo. Maria and her group will be taking out their 7th loan from Esperanza International. Maria has 2 children ages 17 and 11. Her goal is to make her business grow in order to support her family. She finds that her biggest challenge is to remain in good standing with her financial commitments.
Maria raises pigs for resale. She is now expanding into raising chickens, since they are cheaper to raise and in more demand. This way she can raise an animal in a short time and sell it quickly. She hopes one day that the profits that she makes from raising animals in her backyard and sells in her community market, will be enough to buy a farm and supply meat on a larger scale.
Thank you for supporting these entrepreneurs!
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.