Mujeres Luchadores Group
Her group is located in a rural area surrounding the city of Imbert, nestled in between mountains with a river running through it. Despite the picturesque location, subsistence farming dominates the economy. Running water (not potable) and electricity are unreliable. She makes her home in a simple structure with her long term partner and their two children ages nine and five.
Claribel is excited to be taking a fourth loan with Esperanza after having successfully repaid her previous loans without incident. She plans to use this loan to invest in her business selling cleaning products like dish washing soap, laundry detergent and tile cleaner. She says that in the past her loans with Esperanza have helped her business and she expects to continue her success.
Claribel will use the profits from this loan to continue investing in her business. She is saving to buy her own home. Claribel thanks you all for your support.
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