Unidos Para Avanzar 1 & 2 Group
Lidia requires a loan to buy hot dog sausages, bread, mayonnaise, mustard, catsup and bottles of water. She runs a small business where she sells big bottles of water to her neighbors. Also, at night she sells hot dogs. She has been doing the water business for around 6 years.
This is Lidia's second loan with Esperanza International. She is a single mother of three children. Her most difficult challenges are to help her children become professionals and to improve her business.
She says that her favorite thing is to eat. Lidia 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