Dios Es Nuestro Amparo 1 Group
Luchi is excited to be taking her sixth loan with Kiva partner, Esperanza, after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling shoes by purchasing men's shoes and sandals, women's shoes (with and without heels) and purses to sell. She will use the profits to invest in inverters for her home to deal with frequent blackouts, as well as save towards repairing her roof. 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