Madres Unidas 1&2 Group
Specifically, Gloria lives the Los Alcarrizos region of Santo Domingo. This area is one of the most difficult places to live in the entire Dominican Republic. Electricity is scarce, shelter is insufficient, and there is no access to potable water. Despite the difficulties of living in this area, Gloria successfully runs a small natural pharmacy. In addition to this business, she also sells some clothing when sales are not going well in the pharmacy.
This is Gloria’s very first loan with Esperanza International, and with a successful repayment, she hopes it will not be her last. She came to Esperanza so that her business could expand. She hopes that with the extra money, she can not only improve her business, but also save money for herself and her family.
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