Ebenezer 1 & 2 Group
Gloria has proven herself to be an exemplary associate of Esperanza and this will be her fourth loan with Esperanza. With this new loan she plans to continue investing in her business of selling purses, shoes and accessories by buying more merchandise, such as 100 headbands to sell. With the profits she hopes to generate, she plans to invest in her own home as well as in books for her children. Her long-term dream is to establish her business well enough to have extra time to work with children and to start a foundation to help children with few resources live a better life. She thanks you for your support of her progress toward this noble goal!
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