Activos De Santa Fe 1-3 Group
Alfred and his fellow borrowers from Activos de Santa Fe live in Batey Santa Fe (Holy Faith). Bateyes are small communities built up around the housing constructed by sugar companies for their workers. Bateyes are remote and difficult to access, lack potable water and any kind of reliable electricity, and have limited medical facilities, if any at all. Alfred is a single father of one son, 13, who lives with him in their home.
Despite the difficulties associated with living in a batey, Alfred remains optimistic for his future. With this loan, his third with Esperanza, Alfred plans to purchase more clothing and shoes to sell in his shop. He is also optimistic about his son’s future, saying that the loans have helped his son by giving him more time to study rather than having to work around the house.
Thank you for lending to Alfred and to the Activos de Santa Fe group!
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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