Con Dios Adelante 1, 2 & 3 Group
Xiomara lives with her long-term partner and three children, and operates a miscellaneous sales business by selling cosmetics, shoes, clothes, and other items. She will use her loan to purchase many items to increase her business’ inventory. She is excited to received her 4th loan with Esperanza and her group, as with each loan she has been able to improve her business, making it possible for her to provide for her family’s needs and introduce different products to her children. She says that her most difficult challenge is to continue improving her business and to provide change for her family. She enjoys working and cooking for her family. She thanks all of you for your support of her business and her group.
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