Marannatha 1 & 2 Group
Edline and the Marannatha group live in a difficult part of Santiago, the second largest city in the Dominican Republic. Although most of the city has access to running water and somewhat reliable electricity, their neighborhood has none. Edline is a single mother of one, a three-year-old son. Despite raising her child on her own and living in a difficult part of town, Edline runs a successful small business selling clothing to her neighbors and friends.
With her new loan, Edline will buy “ropa de paca”, or packs of used clothing, usually from the United States. This is a common way for people to purchase clothes here; it is cheap and, although used, the clothes are usually in great condition. With the profits from her expanding business, Edline hopes to send her son through school, all the way up through university. This way he can have opportunities that were not available to her as a child. Thank you for lending to Edline and the Marannatha 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