Dios Proveera 4, 6, 7 Group
She is excited to be taking her third loan with Esperanza after having successfully repaid her previous loan and expanded her business. She will use the profits to reinvest in her business and save for her children's education. She wants to have an improved business that gives enough support for her family's needs.
She is the mother of two children and they live together with her long-term partner. She enjoys cooking special food for her family.
Fela is a member of the group called Dios Proveera 4, 6, 7 (God Will Provide). Her story is representative of her group and of Esperanza's Dominican and Haitian clients, many of whom recently emigrated to the DR from Haiti. Her group is located in the rural areas surrounding La Romana, where the economy is dominated by the sugarcane harvest and where running water, none of which is potable, and electricity are unreliable. She makes her home here in a simple structure with her long-term partner and their three children. She thanks you for your support.
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