Jesus Nuestra Esperanza Group
Maria said that her first loan really helped her business and family which is why she decided to take out another. She dreams for her business to grow bigger each day and also hopes for God to continue to protect her children. When they are older, Maria would like them to be smart people.
In the little free time she has apart from her business and kids, Maria enjoys reading the Bible. Pictured are these five members of "Jesus Nuestra Esperanza" along with their loan officer and two other members of Jesus Nuestra Esperanza.
On behalf of Maria B., Jesus Nuestra Esperanza, and all of us here at Esperanza International, thank you for your interest and support in fighting the global issue of poverty!
Note - As there are eight people in this picture, we wanted to specify who the additional individuals are: The gentleman on the far right is the group's loan officer. In the back row, the first and third people from the left are members of another Esperanza International sub-group, but are not borrowers of this loan. Thank you!
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