Jehova Jireh 1, 2 , 3 Group
Isabel lives with her husband and a child. She has had her business for around 8 years, which she started after saving enough capital to open the business. She plans to use this loan to invest in her business by purchasing clothes (like pants, shirts, etc.) and shoes. She will use the profits to reinvest in her business, especially this Christmas season.
Isabel says that her most difficult challenges are to build her house and plan for better living conditions. In the meantime she plans to continue enjoying her work. Her story is representative of her group and of Esperanza's Haitian and Dominican clients generally, many of whom recently emigrated to the DR from Haiti.
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.
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Success!! The loan was 100% repaid