Las Mujeres Capacitadas Group
Justa owns her house from which she cooks and sells food. Among other recipes, she is particularly proud of her pollo frito (fried chicken) and chichaharon, a popular pork dish in Latin America.
With the two loans she has already received and paid back, Justa has been able to buy more ingredients and has recently purchased a larger stove, leading to higher profits. She has only recently been able to make ends meet and pay her bills, thanks in large part to the loans she has been taking from Esperanza. Over the past year, she has improved her lifestyle with a wage that allows her to think past day-to-day subsistence and plan for her family’s future.
Ultimately, Justa would like to open her own restaurant in Puerta Plata. In the short run, she will improve the business in her own home by purchasing increasing amounts of inventory and upgrading her equipment. Your contribution will give her the means to realize these aspirations. Thanks for your consideration.
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