Mujeres Bendecidas 1, 2 & 3 Group
Dolores is excited to be seeking her first loan with Esperanza. She plans to use this loan to invest in her business. She operates a fried food stall at her home, and she will invest in her business by buying a gas tank, six chairs and a table. She sells especially breakfast and dinner. She will use the profits to save and in the short term, she plans to buy a plot of land to start building her house. Her most difficult challenge has been studying. She likes to work and her future plan is to have her own house. She thanks all of 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.
About Dominican Republic
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Success!! The loan was 100% repaid