Coeurs Unis Group
Dieusenie G. is one of four representatives of the group. She is a single mother with a two-year-old child. This hardworking mom sells a variety of merchandise, mostly foods and things related to cooking. Her small stand usually has cookies and small treats for the children as well as rice, beans, oils, and spices for the adults. She really appreciates that previous loans enabled her to buy her merchandise in bulk. Buying in bulk saves her money and expands her margin for profit. She hopes that the profit from her business will one day help her to build a house for her family and to send her daughter to school in a few years. On behalf of Dieusenie, Coeurs Unis and Esperanza, we 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.
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Success!! The loan was 100% repaid