Poderoso De Israel 1, 2 & 3 Group
Aida lives with her three children, who are currently in school. She lives in a batey, a rural community built by sugar companies for their workers. Aida and her long-term partner and children have a difficult life – little access to electricity, no running water or medical services, and insufficient roads. Bateyes are maD. up of the homes of some of the poorest people in the Dominican Republic, not to mention the entire Western Hemisphere.
Despite these difficulties, Aida runs a business where she sells different goods, including beans which she has boiled at home. These beans are ready to eat and customers can add their own sauces. With her loan, Aida plans to buy bags of beans, rice, and other vegetables to sell in her home.
Aida is very thankful for this loan, her second with Esperanza, and she hopes to continue her successful borrowing in the future.
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