Mujeres Con Proposito Group
Yesenia has a business selling candy to students at a school in her neighborhood. The school has about 120 students and she visits it twice per day. Before her first loan she had sales of about 500 pesos per month, but after receiving a loan from Esperanza, her sales have increased to over 2000 pesos per month. With a new loan, she hopes to increase her business even more.
Yesenia is herself a student. She has been studying at a university in the evenings for the past four years to become a teacher. She will finish her education in a year and will be able to work as a teacher then. She wants to continue selling candy, but hopes it will be possible for her to have her own colmado (small shop) one day.
In her spare time Yesenia likes to read and mentioned Juan Bosch as her favorite author. She hopes that she will be able to help her children so that they too will have an opportunity to study at the university.
On behalf of Yesenia N. M., Mujeres con Propositos, and all of us here at Esperanza International: 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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