Los Exelentes #1 Group
She heard about micro-finance from a friend and took out a loan two years ago. Birtudes is now requesting her fourth loan from Esperanza to meet the high demand for medicine in Barrio Blanco. She is requesting 5,000 Dominican Pesos. With this new loan, Birtudes plans to expand her selection and restock her inventory. She will purchase natural vitamins, teas, ointments and clay spreads.
Birtudes sells natural medicine because she sees a need in her community and thinks they are good for the body. Yet she confesses that owning a business isn’t easy, because she has to push and do whatever it takes to survive. She hopes to be able to provide for her two children, especially the young one who is now 6 years old.
Birtudes appreciates it if you would consider funding her and her group’s businesses. Esperanza thanks you for your support!
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