Dios Es Amor 4 Group
"Would you like to purchase some clothing? While you look, why not have some ice cream to cool you down?" To paraphrase a bit, this would be the sales pitch that one might expect to hear from Juana. She recognized demand for these items in her local community and successfully established her business. After having successfully repaid her first loan, Juana is taking another loan to purchase more clothing, hair accessories, and ice cream to sell to her clients. She plans to use the additional profits to finish her home and also to purchase school supplies for her children. In the long term she dreams of sending her child to the university. She thanks you all 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.
About Dominican Republic
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Success!! The loan was 100% repaid