Pena Alta En Desarrollo 1, 2, 3 Group
Luz is excited to be taking her second loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business by purchasing clothes, shoes and calling cards. She operates a miscellaneous store. She will use the profits to buy some calves to raise and sell. She wants to have a big home for her whole family. She thanks you all for your support.
One of the people in the picture is not an active member active of the group, but was the founder (the one wearing white clothes at the right)
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