"Cristo Vive" ("Christ lives" is a group of 10 women who are looking to receive their first loans. This is a very young group of women, and they all want to start changing their lives right away. Riquena is the group representative and leader of this group, and she is only 18 years old. She is also married, but has no children. She told me that once she has kids she wants to be able to provide them with a good life, and that is the main reason she is trying to start her own business. She plans on selling used clothes in her area, and hopes to one day have a big clothing store, and also design clothes. She is a very motivated person, and you can see it when you speak with her. She speaks Spanish and Creole fluently, and is studying English. This whole group is ready for this next step, and excited about the opportunity. On behalf of Riquena, 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.