La Fe 3,4,5 Group
Rosaura’s group is located in the Samana peninsula, a lush, rugged peninsula with a nascent tourism industry where running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure as a single mother with her eight children.
Rosaura is excited to be taking her seventh 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 selling clothes by purchasing skirts and pants to sell.
Rosaura will use the profits to purchase a computer for her children to learn on as well as construction materials to finish her home. She thanks you all for your support.
Although the photo shows some of the faces of more than 15 people this is because this loan was disbursed with a group of 20 people; one group, however, was not (completely) visible in the picture and are therefore excluded from the profile.
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