Deborah 3 Group
Domingo requires a loan to buy calling cards to sell in the street to people that need to recharge cards to make phone and mobile calls. He will be buying calling cards or phone cards from different companies to give more options to his clients.
This is his first loan with Esperanza International and he is excited to start getting a better income.
He started his business after a friend encouraged him. He heard about Esperanza Internacional and the program in his church from some other members. Attending church is one if his favorites activities.
Domingo's dreams for his future are to have an improved business and keep working with us for his community. He and his group are thankful 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