Leonia B. is part of a larger group of women hoping to start their own businesses. Leonia is a hard working mother of three young children, who is looking to better her future. She plans on starting a small business selling clothes. Her immediate goal is to save money to buy a small vehicle to help her business grow, and her dream is to have her own store someday! On behalf of Leonia, the rest of the group, and Esperanza International--- Thank you for your support!!
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.