La Fortaleza, Group 3
The rainy season has just started in the Dominican Republic, and with that, the cases of colds, strep throat and the flu. Bethania will use her loan to purchase medicines that are in high demand, like children’s acetaminophen and penicillin. She usually sells them at a better price than larger pharmacies, and sometimes the government facilities don't have the medications available. So she has become an option for people who can't pay much for medication and can't move far to get them. She wants this business to grow up to be a pharmacy and she would like to become a certified pharmacist.
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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