Paz Y Fe 1, 3 & 4 Group
Her group is based in the Samana peninsula in the east of the Dominican Republic, where running water and electricity are unavailable. Here she makes her home with her husband and three children in a simple structure comprised of wooden walls and a tin roof.
Ana originally came to Esperanza over six loans ago for the purpose of improving her business and she has proved herself very successful as an associate of Esperanza, repaying on time every time. She will use this new loan to invest in her coconut sales by buying some coconut trees (This is the best deal for the people selling coconuts. They buy the tree ready to harvest.) She plans to use the profits to purchase as many things as she can supply for her family and to continue to improve her home. Additionally, in the long term, she would like to save money for a vehicle to move her products and to continue to increase her savings. She would like to thank you all for your support.
There are two photos because we want to show as many faces as possible.
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