Nuevo Renacer 3 & 4 Group
Maria is a single mother who lives with her two children in Samana, a small city in the northeastern region of the Dominican Republic. Life there can be rough with no potable running water, frequent power outages (if one has power to begin with), and inadequate healthcare. Despite these difficulties, Maria runs a successful business selling home products to her friends and neighbors. With this loan, Maria will purchase sheet sets to sell for a small profit.
This is Maria’s eighth loan with Esperanza International, and she hopes to continue taking out loans to grow her business and improve life for her family. With her profits, she hopes to purchase a small van in order to make her business more mobile. This will add to her profits, which will allow her to improve her home by finishing her bathroom and to purchase a computer for her children. Computers are difficult to afford, but are one of the best investments a low-income household can make. It gives access to the world of information that those of us in the developed world take for granted while teaching children to use the invaluable tools of modern technology. Maria hopes to have her own house one day — something of value she can pass on to her children.
Esperanza International seeks to free children and their families through initiatives that generate income, education and health, restoring self-worth and dignity to those who have lost hope. We have over 8,500 active associates in eleven offices in the Dominican Republic and Haiti. Thank you for lending to Maria and the Nuevo Renacer 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