Las Colmena 1, 2 & 3 Group
This is Hilcia's 4th loan with Esperanza. She started her business with the first loan she received from Esperanza Internacional, around 2 years ago. She plans to use it to buy clothing to sell in her retail business. She will purchase pants, t-shirts, blouses, skirts, and shirts to sell out of her home to the others in her community.
Hilcia wants to use the profits from her business to help improve the living conditions for her family. Thanks to her good investments and because she has saved, she has been able to bring changes to her family. She hopes to be able to save enough money to continuing improving her family life and to purchase her own house. She thanks 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