Cristo La Solucion 1,2,3 Group
Santiago is excited to be taking his fifth loan with Esperanza after having successfully repaid his previous loan and grown his business. He plans to use this loan to invest in his business selling medication by purchasing more merchandise to sell in his small pharmacy. He will use the profits to cover the basic needs of his family as well as save towards purchasing a vehicle for the pharmacy so that he can make deliveries and retrieve orders. He 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