Cristo Y Nuestro Esfuerzo 6 Group
Marie runs a successful colmado in her community. Colmados are small corner stores that sell anything from bread to batteries. Marie tries to focus on typical Dominican foods such as rice, beans, flour, oil, and fish. Her colmado is located in her home, where she lives with her husband and children.
Life in La Romana can be strenuous. Access to electricity is unreliable at best, running water (if you have any at all) is never potable and the constant threat of hurricanes for half the year weighs heavily on the minds of those whose small homes are made of wood. Despite these difficulties, Marie is optimistic about the future. She hopes to continue investing her profits back into her business and continually expanding her line of products and customer base. In addition, Marie hopes that the extra income will one day allow her to send her children to university. Thank you for lending to Marie and the Cristo y Nuestro Esfuerzo 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