Amor Y Paz 4 Group
Olga (Pictured: center) is 55 years old and lives with her husband and two boys, an 11-year-old and a 19-year-old. They live in Batey Caimito, a beautiful community in the hills of the east-central region of the Dominican Republic. A batey is a community of sugarcane field workers in the rural areas of the Dominican Republic. Bateyes are very remote, hard to access, and most people live in deep poverty. They often lack potable water, medicine, and any kind of reliable electricity.
In order to feed her family and send her children to school, Olga sells used clothing to her community. Typically, packs of used clothes will arrive from the United States, and Olga will buy them to sell for a profit. She will also use this loan to purchase charcoal, a valuable commodity in a community without reliable electricity.
Olga hopes that she will be able to send her two boys to university, giving them a step up in society. One will soon be done with high school, and the other is just entering middle school. This is Olga’s fourth loan with Esperanza, and she has a perfect repayment record! Thank you for lending to Olga and the Amor y Paz 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.
About Dominican Republic
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Success!! The loan was 100% repaid