Hacia Adelante 4-6 Group
Luis and the other borrowers in Hacia Adelante live in Boca Chica, a small town between San Pedro and Santo Domingo, the capital of the Dominican Republic. Boca Chica lacks potable drinking water, has unreliable electricity, and suffers from pollution because of its location between two large cities.
Despite these difficulties, Luis operates a colmado, which is a small corner store that sells anything from bread to batteries. Luis focuses on foods in his colmado, specifically those typical of the Dominican cuisine: rice, beans, meat, flour, oil, fruits and juices. He will use this loan to purchase more of these products to sell to his customers.
Luis is a single father with two children living at home, where he both lives and runs his colmado. He has successfully repaid two loans with Esperanza International, and he is excited to be taking out his third. He looks forward to continuing the development and improvement of his colmado, and he was very steadfast in expressing his good experiences with Esperanza. Thank you for lending to Luis and the Hacia Adelante 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