Mujeres De Progreso 1, 2, & 3 Group
MarieL. is a very amiable young woman with a knack for business. She lives on her own and is already supporting herself at a young age. MarieL. runs a small “colmado y fantasia”, or food and general store. MarieL. will use this loan to purchase Dominican cuisine, such as rice, beans, oil, milk, and some pastries. She will also sell perfumes, jewelry, wristwatches, and other trinkets.
MarieL. lives in Andres Boca Chica, a town between San PedR. D. Macorís and Santo Domingo, the capital of the Dominican Republic. It is a town known for tourism, and MarieL. sells many of her trinkets to local tourists. She hopes that someday, she can run a mini-market with many more products. MarieL. speaks English well, and, with her hard work, she clearly has earned the respect of her elders by being named group coordinator. She is very thankful for Esperanza, and said that it has “provided the best opportunity to look forward to the future”. Thank you for lending to MarieL. and the Mujeres D. Progreso 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