Mano Amiga 1, 2 Group
Juliana is excited to be taking her sixth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling clothing and Avon beauty products by purchasing pants, shirts, skirts, creams, perfumes, and makeup in the capital and then bringing her merchandise back to her community to sell. She will use the profits in her home by constructing a bathroom, to help her children by purchasing school supplies, food, and clothing for them, and in her business by purchasing a scooter to make moving around with her merchandise easier. She 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