El Señor Es Mi Pastor 3 & 4 Group
Evelin lives in Boca Chica, a small coastal town about 30 minutes west of San Pedro de Macorís. She is 22 years old, and this is her very first loan with Esperanza. Evelin lives with her mother and father, two siblings, and her two children. With her loan, Evelin hopes to expand her business as a shoe saleswoman. Typically, customers will order a certain style or color of shoes, and Evelin will buy them and bring them to the customer’s home. This business plan helps differentiate her from shoe salespeople who only sell on the street or in shops. Evelin is taking out this loan to help her diversify the selection of shoes available to her customers.
Evelin hopes that she can continue to receive loans after her first loan is repaid. Eventually, she would like to have her own store and greatly expand her line of offered products. Her children are very young, and Evelin hopes to send them to the best schools possible so they can have businesses of their own when they grow up. Thank you for lending to Evelin and to El Señor es mi Pastor group!
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