Respe De Romeo Group
Ghuslene is a long-term charcoal maker and seller. Her intereS.in joining Esperanza came from hearing about associates in neighboring towns grateful for the opportunity and increased benefits of having a loan. She says, “There were people who wanted to do business, but needed a little bit of help…Esperanza is helping.” She dreams of being able to grow her business and send her kids to school with greater ease. On behalf of Ghuslene, the Respe de Romeo Group and Esperanza, we 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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Success!! The loan was 100% repaid