Esperanza En El Senor: Grupo 3 Group
Britania has a small accessory shop that she runs out of her house. She sells many different types of women’s accessories such as bracelets, purses, and perfumes. This loan will go to help her expand her inventory so she can diversify her product offerings.
Britania is the single mother of two children, ages five and eleven. The income from her business goes to support her two children. She lives in a community that appreciates her business. She hopes to save enough money to provide for her children so that they can go to college.
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