Cristo La Fuente 4,5 Group
Her group is located in the rural areas surrounding La Romana, an area economically based around sugarcane, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long term partner and their two children.
Dania is excited to be taking her fourth loan from Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her mobile business selling clothing by traveling to the Capital to purchase merchandise such as blouses and blue jeans to sell.
She will use the profits to invest in her children by purchasing them school supplies as well as saving towards her goal of one day having a store from which she can sell her clothes. 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