Luz Y Esperanza Grupo 2 Group
Yanira sells clothing, accessories, and jewelery to customers on street. Her business is the family's main source of income, which they depend on to buy food, clothing, educational supplies, and maintain the house. With a larger loan, she will buy more clothes and accessories to be able to gain more money and better support her family. She would like to thank you all for the 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.
About Dominican Republic
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Success!! The loan was 100% repaid