Firmes Y Bendecidos 1, 2 & 3 Group
Lolita is excited to be seeking her seventh loan with Esperanza, being part of Esperanza Microfinance program in El Seybo since 2007. She plans to use this loan to invest in her business. She operates a breakfast sales business from her home. She sells breakfast like bread, cafe, tea, sausages, plantains, etc. She will use the profits to continue improving her business while saving part of it to visit or send to her family in Haiti, when they have any needs. Her most difficult challenge is to come back to Haiti and live a safe and comfortable life.
The photos were taken separately, one with five members and the other one with ten, just to have more focus on the faces. Lolita 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