Mujeres De Fe Group
TeofiL. has become a successful Esperanza associate and has already successfully repaid three loans. With this loan she intends to purchase precious stones, Larimar (a locally mined precious stone) coconuts, shells, lanyards and metal wiring to use in her artisan work. She plans to market her goods both in her native City of Puerto Plata, but also hopes to market them in other islands in the Caribbean by sending them to her father who works in the Turks and Caicos. 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