Mujeres Liberadas 1 Group
She makes her home here in a simple structure with her husband and their six children. She says that her most difficult challenge is to continue her efforts to reach and fulfill all her goals.
Tanya is excited to be taking third loan with Esperanza after having successfully repaid her previous loan. She has had her business for 1 year, starting with her first loan with Esperanza, after having received an invitation to join a group. She plans to use this loan to invest in her business selling bed covers and pillows by purchasing more merchandise. She will use the profits to invest in her business and to save. 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