Amour Divin Group
Ronald L. is excited to be taking his 3rd loan with Esperanza after having successfully repaid his previous loans and growing his business. He plans to use this loan to inveS.in his food stall. He will use the profits in the future to build a home for himself and his family. In the meantime he plans to continue enjoying growing his business and singing in his church’s men’s choir.
This Esperanza associate’s story is representative of his group and of Esperanza's Haitian clients generally. His group is located in Trou du Nord. This area, like nearly all impoverished areas of Haiti suffers from unreliable running water (none of which is potable) and electricity.
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