Pensando En El Futuro 1, 2, 3 Group
Sonia is excited to be taking her first loan with Esperanza and she is very excited to be starting her own business. She will use the profits gained from this business to invest in improving her home as well as saving towards buying a computer for her children to learn on. Her long term goal is to turn her business into a profitable enterprise that will help her to own a car and to send her children to university so that they can be professionals. She thanks you all for your support.
Sonia is the coordinator of her group "Pensando en el Fulturo" (Thinking About the Future) and her story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti) generally.
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