El Sol Sale Para Todos 4 & 6 Group
This associate of Esperanza is a mother of five children. She’s married and started her business with the first loan she got from Esperanza. She is now in her sixth year and receiving her 7th loan. Each previous loan has been repaid satisfactorily and she has maD. good investments.
She is currently operating a “pica pollo” (small fried chicken restaurant). She is planning to use the new loan to buy chicken, bananas, potatoes, flour, refreshments, etc.
She will use profits to install a concrete roof on her house, to pay public utilities and to save some in order to finish building her house.
Her favorite pastime is going to church and her primary challenge is caring for her grandchildren who live with her.
Flor está planificando invertir su nuevo préstamo en la compra D. Pollo, platanos, papas, harina, refrescos, etc. Ella va a utilizar sus ganancias para construir el techo D. su casa en concreto pagar sus gastos publicos e ir ahorrando con la finalidad D. poder terminar D. construir su vivienda. Su actividad favorita es ir a la iglesia y su reto primordial es cuidar a sus nietos, los cuales viven con ella
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