- Dominican RepublicClothingFunding via Esperanza International Dominican Republic, a partner of HOPE International
- Dominican RepublicRetailFunding via Esperanza International Dominican Republic, a partner of HOPE International
- HaitiRetailFunding via Entrepreneurs du Monde - Palmis Mikwofinans Sosyal
Genesis 1 & 2 Group
Yaina is excited to be taking her first 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 of selling used clothing by purchasing a large package of assorted used clothing that comes from places like the Salvation Army in the U.S. She will use the profits to invest in saving toward the future of her children.
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