Unidos Venceremos 2,3 Group
Martina is excited to be taking her ninth loan with Kiva partner, Esperanza, after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her business by traveling to the capital to purchase skirts, jeans, blouses and pants in the main markets and then bringing them back to her community to sell. She will use the profits to invest in her business by purchasing a scooter to help her move her merchandise as well as saving towards having her own store one day (her current business is mobile). Additionally, she plans to invest in her home by remodeling it, and in her family by purchasing necessary medicines. 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