Mujeres Con Esperanza 4,5 Group
Lora’s group is located in the urban slums that surround Santiago, an area known for its tobacco production, where running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her husband and four children.
Lora is excited to be taking her fourth 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 small cafeteria by purchasing sausages, bread, ketchup and mayonnaise as well as two glass display cases.
Lora will use the profits to reinvest in her business by moving it out of her home into its own location. Additionally, she plans to make repairs to her home. 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