La Union 1 & 2 Group
This Esperanza associate is the mother of 10 children who she has raised with many sacrifices and much effort together with her spouse. For the last 18 years she has been in business to generate additional family income. She started her business at home with a little money she was able to obtain.
She has been collaborating with us for 4 years now and is getting her 8th loan. Each previous loan has been repaid satisfactorily and she has maD. some good investments.
She currently operates a “fritura” (fried fast food stand) and a “fantasía” (a small cosmetics and women’s accessories store).
Juana is planning to invest the money from the new loan purchasing chicken, plantains, meats, etc. but also some cosmetics, clothes, shoes and accessories, etc.
She will use her profits to finish building her house that she’s been building little by little.
Her favorite pastime is negotiating and her main challenge is keeping her business afloat.
Juana está planificando invertir su nuevo préstamo en la compra D. Pollo, platanos, carnes, etc, pero tambien cosmeticos, ropas, zapatos y accesorios, etc. Ella va a utilizar sus ganancias para terminar D. construir la cual la esta construyendo poco a poco. Su actividad favorita es negociar y su reto primordial es mantener su negocio.
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