Nueva Vida 1 & 2 Group
Patria is a single mom with three children. Her most difficult challenge has been to work for her children, in a different country with a different culture. She really enjoys working, and she doesn´t know what is to be lazy at home. Unless she is sick, she needs to be doing something, selling or doing household activities.
Patria is very excited to receive her first loan from Esperanza International. She has had her business for about 10 years, when she began selling miscellaneous products. She is planning to invest her loan in the purchase of new clothes, especially spring and summer clothing. Easter is close and the weather is very warm; people are waiting to go to the beach and use light clothing. She plans to use her earnings to reinvest in her business and to provide all they need as a family. Thank you so much for supporting this 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.
About Dominican Republic
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Success!! The loan was 100% repaid