Cristo Redentor 3 & 4 Group
Juana and her husband live in Batey Victorina, a small community north of San Pedro. Bateyes are small communities built by sugar companies for their workers. Juana’s batey is particularly remote and difficult to reach: when visiting the community, our 4x4 truck was barely able to make it all the way there. The batey also lacks electricity, potable water, and any kind of healthcare service.
Despite these difficulties, Juana runs a successful pica pollo, or fried chicken stand. Fried chicken is one of the most popular foods here, and every town has at least one. Juana will use her loan to purchase supplies for her stand. This is Juana’s fifth loan with Esperanza, and she has a perfect repayment record. She has said that Esperanza has provided a new door to the future for her family, and that her dreams for her children have come true because of the support Esperanza has provided. Thank you for lending to Juana and the Cristo Redentor 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