Respekte Lavi De Trou Du Nord Group
Sony buys blocks of special paper in the Dominican Republic to resell in various communities. The paper is often used to make receipts and wrap foods in the market. He is thankful for the firS.loan because he was able to create a profit and help his family with the increased earnings. He hopes to be able to save enough to open a boutique from which to sell the paper as well as other necessities for businesses in the area. His prayers are that the individuals in his group may continue to learn from each other, to help everyone grow, and that Esperanza may become stronger and more beneficial to the community. On behalf of Sony, Respekte Lavi, and Esperanza we thank you 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.
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Success!! The loan was 100% repaid