Mujeres Solidarias Group
"Mujeres Solidarias" is a big group of 37 people. Right now 15 members of this group would like a loan. For some members, this is their first loan. They hope it is their first step towards a better life. For other members, this is their 3rd or 4th loan, which they will use to continue growing their businesses.
Yoselin is the group representative and group leader. She is a very hard working mother of 3 young children who are all under the age of 10. She has a small business selling under garments. Yoselin said she is excited about continuing to grow her business.
Yoselin has dreams of being able to have her own house where she can provide her children a comfortable life. She hopes to have enough money to send her children to college and allow them to have a different life.
This whole group has stories of how hard life has been, but they are all ready to do something about it, They are very excited about this opportunity.
On behalf of Yoselin, 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.
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Success!! The loan was 100% repaid