Unidos Venceremos 2 Group
Bladimir’s group is located in the rural areas surrounding La Romana, an area dominated by the sugarcane industry and where running water (none of which is potable) and electricity are unreliable. He makes his home here in a simple structure with his longterm partner and their two children.
Bladimir is excited to be taking his fourth loan with Esperanza after having successfully repaid his previous loan and grown his business. He plans to use this loan to invest in his business running a small cafeteria by purchasing sugar, oil, rice, beans and some perfumes to sell on the side.
Bladimir will use the profits to invest in saving towards a vehicle which will help his business and family at the same time. He 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