Hacia El Futuro 1, 2 & 3 Group
Elliot is very excited to receive his third loan through Esperanza Internacional (International Hope) after having satisfactorily repaid his previous loans and taking steps toward growing his business. He has had his business for around six years, and he started it with a small loan when he began to paint and sell his paintings at the Boca Chica beach. He is planning to inveS. his new loan in purchasing cosmetics through a catalog and buying supplies like paint, fabric, and frames to make paintings of all sizes. He is going to use his earnings to start a business selling telephones and create a good business for his future and for his family’s future.
Elliot eS.á muy emocionado de recibir su Tercer préstamo en Esperanza Internacional, después de haber pagado satisfactoriamente sus préstamos anteriores y haber dado un paso para el crecimiento de su negocio. El ha tenido su negocio por alrededor de 6 años, el cual inició con un pequeño préstamo que pudo conseguir y comenzo a pintar y vender cuadros en la playa de Boca Chica, eS.á planificando invertir su nuevo préstamo en la compra de productos cosmeticos por catalogo y adquirir materiales como pintura, telas y y marcos para realizar cuadros de todos los tamaños. El va a utilizar sus ganancias para inicial un negocio de venta de productos de comunicacióny crear un buen negocio para su futuro y el de su familia.
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