Si Se Puede 1 & 2 Group
Carolina lives in a part of Santo Domingo called Guaricanos VilL. MelL., one of the poorest parts of the capital. Here, running water (never potable) and electricity are unreliable at best. Despite these difficulties, Carolina runs a successful business selling clothing to her friends and neighbors. Unlike many others who sell packets of used clothing, Carolina only buys new clothing to sell. With this loan she plans on buying two dozen blouses, six dozen pairs of pants, and also a new case of perfumes.
This is Carolina’s second loan with Esperanza International. She appreciates the opportunity of financing that her business now receives. Carolina’s dream is to have a business big enough that she will need to hire two or three employees. For her family, she hopes to one day build a house that they can call their own. Thank you for lending to Carolina and the Si Se PueD. 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