- Dominican RepublicRetailFunding via Esperanza International Dominican Republic, a partner of HOPE International
- Dominican RepublicFoodFunding via Esperanza International Dominican Republic, a partner of HOPE International
- Dominican RepublicEducationFunding via FUNDAPEC
Canal De Bendicion 4, 5 Group
Solenny is very excited to receive her fifth loan from Esperanza International after having satisfactorily repaid her previous loans and having taken steps towards growing her business. She has had her business for about 3 years, when she began selling miscellaneous products. She is planning to invest her new loan in the purchase of new clothes, which are in high demand in the month of December. She plans to use her earnings to reinvest in her business and save in order to be able to celebrate Christmas with her family, but also to be able to complete her dreams of having a clothing store and to be able to get married.
Solenny está muy emocionada de recibir su quinto préstamo en Esperanza Internacional, después de haber pagado satisfactoriamente sus préstamos anteriores y así haber dado un paso para el crecimiento de su negocio. Ella ha tenido su negocio por alrededor de 3 años, el cual inició vendiendo productos miscelaneos. Está planificando invertir su nuevo préstamo en la compra de ropas nuevas, las cuales tienen una gran demanda en estos meses de Diciembre. Planea utilizar sus ganancias para reinvertir en su negocio y ahorrar para poder celebrar las fiestas de navidad junto a sus familiares, pero tambien poder cumplir sus sueños de tener una tienda de ropa y poder casarse.
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