Esperanza is a solidarity group made up of very hard-working and responsible women. Clara is married and has two children ages 3 years and 5 months. She is 36 and sells varied merchandise in rolling markets. She started selling caps and belts five years ago, and now also sells colouring books and backpacks. With this loan, she wants to start selling novelty items and toys. Her dream is to have a storefront and a car in order to get around more easily.
Esperanza es un grupo solidario de mujeres muy trabajadoras y responsables. Clara es casada, tiene 2 hijos de 3 años y 5 meses; a sus 36 años se dedica a la venta de artículos varios en mercados rodantes, empezó con la venta de gorras y cintos hace 5 años, ahora vende también libros para colorear y mochilas, con el crédito quiere agregar venta de novedades y juguetes. Su sueño es tener un local establecido y un carro para moverse mas fácil.
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.