Fuente De Desarrollo 1 & 2 Group
Santa is very excited to be receiving her fourth loan in Esperanza Internacional after having sucessfully paid off her previous loans and having taken steps to grow her business. She has had her business for around 2 years and started it with a little loan from another institution to sell products on the beach. Santa is planning on investing her new loan in purchasing coconuts and fruit. She will use her earnings to re-invest in the business while she saves to be able to buy a van and build her house. Her biggest dream is to see her son graduate and become an upstanding person.
Santa está muy emocionada de recibir su cuarto préstamo en Esperanza Internacional, después de haber pagado satisfactoriamente sus préstamos anteriores y haber dado un paso para el crecimiento de su negocio. Ella ha tenido su negocio por alrededor de 2 años, el cual inició con un pequeño préstamo que todo a otra institución diferentes productos en la playa. Santa está planificando invertir su nuevo préstamo en la compra de Cocos y Frutas. Ella va a utilizar sus ganancias para reinvertir en su negocio, mientras ahorra para poder comprar una guagua y construir su casa. Su más grande sueño es poder ver a su hijo graduado y convertirse en una persona de bien.
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