Mujeres Valientes 1 Group
Santa is excited to be taking her second loan with Kiva partner Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business where she sells chicken, pork and corn bread by purchasing various pounds of them. She will use the profits to buy a battery for her power generator, and to save to buy her own house. She said that her most difficult challenge is to travel, as she would like to visit other countries like Hawaii. Her future plans are to have her house and to travel to different countries.
She started doing her business almost two years ago with some money she saved, and she is taking Esperanza´s loan because they are comfortable to do business with. She thanks you all 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