Francisca lives near El Seybo, Dominican Republic, in a rural community. She is one of the borrowers from the group named El Progreso (The Progress) 1. She has five children who live with her and their father in a batey located in the north of EL Seybo ("bateyes" are small rural communities built by sugar companies for their field workers).
Despite her difficulties, Francisca makes the most of her opportunities and she operates a little grocery store where she sells rice, beans, sugar, eggs, canned food and many other similar items. She operates her business during the day from her small business located next to her house.
Francisca is requesting a loan to purchase items to increase her inventory. She has had five previous loans and she has been able to bring changes to her family’s life, such as providing school supplies, shoes, clothing, and tending to other needs.
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.