Renovacion 2-5 Group
Sujeiri and her husband have one child and live in a simple home in Samana, a beautiful and sparsely populated peninsula in the northeastern part of the Dominican Republic. Life in rural areas of the Dominican Republic can be rough, with no potable running water, frequent power outages (if one has power to begin with), and inadequate access to healthcare. Despite these difficulties, Sujeiri runs a successful business running a small eatery. With this loan, Sujeiri plans to purchase more food including rice, beans, and sugar.
This is Sujeiri’s sixth 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, Sujeiri hopes to purchase equipment so that she can also start baking cakes. She will also use her profits to purchase school supplies for her daughter, including a backpack, notebooks, and pencils. Sujeiri is currently studying as well, and her loans have provided her business with the profits that will get her through school. In the future, Sujeiri hopes to build a house of her own that she can pass along to her family.
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 Sujeiri and the Renovación 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