Porvenir Feminino 1 & 2 Group
This is Flavia's seventh loan with Esperanza and she has shown herself to be a reliable associate, repaying all six previous loans without incident. She is taking this new loan to purchase more gasoline to sell to her neighbors and wells as coconuts which she processes to make coconut oil. She believes that the profits from this business will improve her life and the lives of her children by allowing her to take a course in English and photography so that she can change jobs. She says that working with the coconutsis very hard work and she would prefer to work in Samana City and eventually save enough money to move there. 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