Alegria De Villa Flores Group
Maria runs a small business selling a variety of vegetables and fruits to her community members; she is taking this loan out because she wants to begin providing a better variety and higher quality of produce. Through the business-training classes she was required to take before requesting her loan, she learned about how to market products effectively, and how quality really does make a big difference in overall sales—she is very anxious to apply these new skills to her business.
She dreams of being able to grow her business in steps, first renting her own small store, and eventually having enough money to buy her own store. By taking these measure, she hopes to proviD. the means to send her two children to college so they can become educated and professional members of society. For herself, she dreams of growing intellectually, and to be not just a good business woman, but a great one.
If she has a few moments of free time, Maria loves to read, keep her house clean, and participate in a women’s club in her community that works together to keep their children and youth educated about HIV/AIDS and other issues that pose health issues to them.
On behalf of everyone here at Esperanza International, and from Maria herself, we thank you for your support with this micro loan!
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