La Fuerza De Cristo 5&6 Group
The area surrounding La Romana is dominated by the vast sugar fields of the Dominican Republic. Electricity is scarce and there is no access to potable water. Despite the difficulties of living in this area, Azulia successfully runs a small business selling clothing and some other items. With this loan, Azulia will purchase new and used clothing, as well as bed sheets and sandals, to sell to her community.
This is Azulia’s third loan with Esperanza International, and with a perfect repayment record so far, she hopes it will not be her last. She came to Esperanza because the interest was lower than what she was able to find elsewhere, with no collateral. With the profits her loan brings, Azulia hopes to finish building her home. She also hopes to purchase a small van so that she will have transportation for both her business and her family. Thank you for lending to Azulia and the La Fuerza de Cristo 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.
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Success!! The loan was 100% repaid