Paz Y Amor 1,2 Group
Jaqueline’s group is located in the areas surrounding Puerto Plata on the north coast of the Dominican Republic, an area famous for its natural beauty and its tourism industry, where (outside of the all inclusive resorts) running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her longterm partner and their six children.
Jaqueline is excited to be taking her eighth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business running a general store by purchasing clothing, beans and rice to sell to the members of her community.
Jaqueline will use her profits to invest in her home by building a wall and in her children by purchasing shoes and uniforms for school. She also has a dream of one day traveling to Panama and she would like to save money for that. 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