Luz De Bendicion 1 & 2 Group
Islen is a mother of two children, she runs a little food store and clothings sales from her home in the rural areas surrounding La Romana, where the sugarcane harvest and tourist industry dominates the economy. Those living in the Dominican Republic have no access to running potable water, and electricity and healthcare are unreliable at best. Despite these difficulties, Islen is taking out this loan, her third with Esperanza International, in hopes of continue improving her life and the lives of her family, also compound with her long term partner.
Specifically, Islen will be using this loan to purchase a variety of clothes, for kids, and women especially; and to buy goods for her small food stall. She hopes to make something of herself through her work while giving “a future to her children so they can become useful to society”. Mabel has high hopes for her businesses, and with this program, because she will be able to improve her kind of living. Thank you for lending to Islen and the Luz de Bendicion group!
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