Unidos Para Progresar Group 1
Miguelina has successfully completed five loan cycles and is excited at the possibility of increasing her business even more. With her past loans, Miguelina has been able to keep her children well fed and healthy. Her dream is to one day own her own house and make enough money to send her children to college. With this loan she will be one step closer to achieving her dreams.
Miguelina is the leader of the group Unidos Para Progresar 1 (Progressing Together) which takes out microloans as a group in Hato Mayor, Dominican Republic. On behalf of Miguelina and everyone in the Unidos Para Progresar group, thank you for the opportunities you proviD. to the people who need them most!
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