Las Rosas Group
Ana lives in the Santo Domingo area in one of the poorest communities surrounding the main city of the Dominican Republic. Ana and her group of 20 women are taking out loans for their businesses. This group is named Las Rosas 1, 2, 3 & 4.
This is Ana´s second loan with Esperanza International. She has taken a step toward improving her business by investing her last loan to increase her sales by starting her business again. She has had her business for over 10 years but stopped running it for some years. After taking out her first Esperanza loan she restarted her business. Her most difficult challenges are to build her house, save money, and proviD. for her 5 children.
She says that her favorite thing is to listen to music. Ana and her group are thankful for your support!
This group has two photos because there were too many to be in just one, and we try to show the faces most visibly by having two photos.
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