Milagros de Cumayasa 3 is a group of women hoping to receive their fourth loan. Each member of this group has already experienced some success and each have their own small business. With this fourth loan, the women are all hoping that they can increase the size of their businesses and continue to improve their lives. This has been a very good group, and the three previous loans were all paid back on time and in full.
Amanda P. is the group representative and a women who is a proven hard worker. Amanda is the mother of five children, so she has had to work hard her whole life to support all those children. Her children range in age from 32 all the way down to 11.
With her first three loans, Amanda started a successful business selling quilts and pillowcases. She has always been a great seamstress and, when she took out her first loan, she knew exactly what she wanted to do with it. She has continued to increase the size of her business with each loan and now is earning a good salary. She hopes to continue increasing in size and wants to show her young children, and even her older children, what is possible through hard work. She is very excited about her future, and can't wait to put this next loan to work!
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.