Emilia G. is a mother of nine ranging from 5 to 29 years old. She is the group coordinator for the group called "Mujeres de Dios en Progreso", or in English, "Women of God in Progress." This is Emilia's first loan and with it she hopes to be able to buy a variety of types of clothing and shoes to sell in her clothing business. Emilia said that a friend first told her of the loans she could get with Esperanza, and it immediately sparked an interest in her.
Emilia lives in a community near Puerto Plata called Callejon de la Loma. Some of her future goals are to improve her house and business and to progress more. She is hoping this loan and future loans can help her grow her business. She enjoys working in her home and spending time with her nine children.
On behalf of Emilia G., the Mujeres de Dios en Progreso group, and the entire team here at Esperanza International, we thank you for your support and awareness of the global issue of poverty, in which your efforts are helping to make a difference.
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.