Josefina P. R. is the leader of a group called “Mujeres Habiles,” which means “Able Women” in English. This is Josefina’s second loan with Esperanza and she is hoping that this investment in her business will help it grow. She sells a variety of products in her store, such as bathroom products and intimate wear.
Josefina and her husband of seven years, Julio, have two children, ages five and six. Her goals are to improve and expand her business and be able to buy more products to sell. Eventually she would like to be able to buy a place to house her business, which is currently run out of her home. Another goal is to buy supplies in bigger quantities. When not working or spending time with her family, Josefina loves to read.
On behalf of Esperanza International, 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.