Fuente De Bendicion Group 3
With this loan, Damiana will buy fruit, vegetables and habichuelas (Dominican beans) which are used in a popular Dominican bean dish. Damiana has already repaid two loans and is excited to take out a bigger loan to grow her business even more.
Damiana is a 39-year-old mother of four (ages 16,14,12, and 9) and since starting her business, she has been able to make sure all of them go to school. Her dream is to grow her businesses enough to be able to send them to college.
On behalf Damiana and the entire Fuente D. Bendicion group, thank you for providing an opportunity to those who need it 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