Mujeres Decididas 1 is a group of 5 borrowers all trying to receive their first loan with Esperanza International. Each member is hoping to take out a small loan and start their very own small business. Lucy A. is the representative of this group, and a great leader with the group. Lucy is the mother of 2 very young children and knows that this is her chance to provide them with a better life. She always dreamed of providing her children with a good education. Right now Lucy is having a hard time feeding both children and does not have a steady income. She is hoping to start a small store selling all sorts of goods. She feels like she is ready to start something of her own and start making her own money. She is very excited about this opportunity and is going to make the most of it! Thanks for all 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.