Mujeres Triunfadoras Group
Irene dreams of being able to buy a truck that would allow her to travel and sell her used clothing wherever she went. Her house currently is under construction and she is also hoping that she will be able to afford to finish that project. In her spare time, Irene likes to work on her house. She says that her business has benefited a great deal from her Esperanza loans and she would like to continue to develop it. This will be her third loan with Esperanza, and she has been granted larger loan amounts each cycle because of her faithfulness in repayment.
On behalf of Irene P. R., Mujeres Triunfadoras, and all of us here at Esperanza International, thank you for your contribution and efforts in the global fight against poverty!
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.
About Dominican Republic
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Success!! The loan was 100% repaid