Cristo La Solucion Group
Her group is located in the areas surrounding L. Romana, where the economy is based on sugarcane and 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 three children.
Dignora is excited to be taking her second loan from Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business by traveling to the capital and purchasing pants, underwear and sandals to sell.
She will use the profits to invest in her family by purchasing shoes for her children and saving towards the day when she can have her own store. 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.
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Success!! The loan was 100% repaid