Desarrollo Comunitario 4 Group
Maria lives with her husband and one of her three children who is currently working at a local resort. While her son is now in his late 20s, he wants to return to school sometime soon. With only nine months of the Dominican equivalent of high school left, it is very possible that he can complete his high school, and then consider moving on to a more advanced degree.
In the future, Maria also hopes to apply any extra income to improving her home and to expanding the selection of goods she can afford to make and sell. She would love to begin selling more treats, such as cookies and other baked goods which would complement her frozen juice. She hopes, if her business takes off, to make her home out of cement blocks, rather than just wood. A home maD. of these blocks is extremely important to many Dominicans, as it withstands rain and does not rot away.
Esperanza International encourage you to give to Maria and the others in her group. All are committed to stewarding their loan wisely and have dreams and wishes to improve their living situation and that of their families.
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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