Paix De Jesus 1, 2 & 3 Group
Duquene hopes that this loan will allow him to expand his business. The other members of his group need a loan for business such as selling cosmetic products, food, soda drinks, charcoal etc. He says that his main challenge is to increase the scope of his business.
Duquene espère que ce emprunt`l’aidera a grandir son commerce. Des autres membres de Paix de Jesus ont besoin d’un emprunt pour les commerces tel que ventes produits cosmetiques, nourriture, boissons gazeuses, charbon, etc. Il dit que son défi principal est de devenir un plus grand commerçant
More information about this loan
This loan is designed for a borrower or group of borrowers in Haiti. Esperanza is one of the few MFIs currently working in the northeast region of the country. Through lending, the organization aims to stimulate economic growth and opportunity in a country that has suffered debilitating crises, including political instability, natural disasters and poverty. Esperanza lends primarily to groups of women who cross-guarantee each other's loans. They also receive financial literacy courses and health services.
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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