La Fortaleza Group 4
Ana has been running a retail store for 8 years and she sells goods such as purses, perfumes, clothes and shoes. However, she her dream is to work in the capital, Santo Domingo, as a nurse. She is now on her third loan cycle, trying to increase her profits so that she can work her way through college to earn her nursing degree. She already has one child, aged 18, in college and she hopes that with a career in nursing she can afford to provide her other three children (aged 13, 11, and 9) with college education as well.
With this loan she will buy more sneakers and high heeled shoes as those products sell the most.
Ana and the entire La Fortaleza group are excited to receive another loan and come one step closer to achieving their dreams.
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