Paula is the coordinator of this group called Amor y Amistad 2, 3 & 4 (Love and Friendship). The area in which the borrowers live is a nascent tourist zone, surrounded by the Atlantic ocean and mountains, rivers and natural breezes. She is a married mother who lives in the beautiful town of Samana with her three children. Paula says her most important challenge is to keep her business stable and sustainable. She enjoys working and serving the needs of her family and friends.
Paula is receiving her 10th loan with Esperanza Internacional, having repaid all her previous loans, and after five-and-a-half years of investments, her business has been growing to the point where she is selling a greater range of products and acquiring more clients and communities. She will use this loan to purchase clothing such as pants, skirts, blouses, shirts, and shoes for both women and men. Paula will reinvest her profits in her business, and is also planning to add other high-demand products for Mother's Day gifts.
Thanks for supporting this group of entrepreneurs!
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.