Mujeres Emprendedoras Group
She has successfully repaid her fourth loan and this will be her fifth one with Esperanza. Anastacia has four children and a long-term partner, all of them are living together in a very far community surrounded by vegetation, hills, and a river. Her children are studying and they are in a young ages. She said that her biggest challenge is to overcome her mother's illness.
Anastacia is the group coordinator of her group Mujeres Emprendedoras (women entrepreneurs) 1 & 3. Her story is representative of both her group and of Esperanza's Dominican and Haitian clients (many of whom have recently immigrated to the DR). The group is based in Puerto Plata, in a community that has unreliable access to running water, electricity, and lacks trash service.
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.
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Success!! The loan was 100% repaid