Luchnado Por El Progreso 3 Group
Mimosa is excited to take her second loan with Esperanza after having successfully repaid her first without problems. She plans to use this loan to invest in new merchandise for her clothing business. She will purchase six pairs of pants, four blouses, three skirts, 12 pairs of panties and 12 pairs of men's underwear. By making a large purchase she can negotiate a better price and make a healthy profit. With the profits she plans to continue constructing her house and to proviD. better food for her children. 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