Mujeres De La Hondonada 2 & 3 Group
Rosa, a single mother, makes her home in a simple structure with her three children, who attend school. She requires a loan to buy different styles of shoes, underwear, caps, cosmetics, accessories and clothes. This is her second loan with Esperanza International. She is taking a step towards improving her business by investing this loan to increase her sales. She has had her business for over one year, having decided to start it after she needed to generate income to provide for her household. As a single mother with three children, she found that working for others didn't give her enough income to meet the family's needs. Rosa will use the profits as savings. Her most difficult challenges are to raise her children and give them a good education.
Rosa 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