Los Girasoles 1 & 2 Group
Dulce and her husband live with their children in a simple home in Los Alcarrizos, a crowded suburb of Santo Domingo, the capital city of the Dominican Republic. Life in urban areas of the Dominican Republic is overcrowded and can be rough, with no potable running water, frequent power outages (if one has power to begin with), and inadequate access to health care, among other dangers. Despite these difficulties, Dulce runs a successful business selling produce, chicken, and eggs to her community. With this loan, she will purchase “viveres” (starchy foods such as plantains, yucca, pumpkin and sweet potatoes) fruit, chicken, and eggs to sell at a small markup.
This is Dulce’s first loan with Esperanza International. With her new access to capital, she hopes to continue the growth of her business. Dulce is also excited to be able to save for the first time, giving her access to more financial security during tough times. She takes comfort in knowing that with loans, her business will grow and her profits will increase, giving her family more security, and allowing her children to receive a better education.
Esperanza International seeks to free children and their families from poverty through initiatives that generate income, education and health, restoring self-worth and dignity to those who have lost hope. We have more than 8,500 active associates in eleven offices in the Dominican Republic and Haiti. Thank you for lending to Dulce and Los Girasoles 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