Faro De Luz 1, 2 & 3 Group
Josefa requires a loan to buy pork and beef. She runs a small butcher shop where she sells traditional sausages, prepared with salty pork and beef. She sells them in her house and by walking in her neighborhood and many others in different communities.
This is Josefa´s first loan with Esperanza International. She will take a step toward improving her business by investing this loan to increase her sales. She has had her business for over 40 years, after her mother showed her how to prepare sausages and sell them. Her most difficult challenges have been to study and to overcome the death of her husband.
She says that her favorite thing is to work, and she wants to serve to the Lord all the time. Josefa and her 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