Dios Todo Lo Puede - Group 3
Paula has been appointed the group coordinator of this group of five entrepreneurs from San Pedro de Macoris. They are starting their microfinance venture with this Kiva loan. These are people who have been involved in trade activities for some time but who do not have financial support to sustain their businesses through the current economic situation.
Please help us support these new microentrepreneurs with a Kiva loan. Thank you!
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