Dios Ante Todo 1 - 2 Group
Margo is excited to be taking her second loan with Esperanza. She has had her business for almost one year, after starting by selling a dozen pairs of jean pants she bought with her first loan. Now she has a clothing sales business and will start to sell coffee and breakfast in the mornings, so she is planning to use this loan to invest in her business by buying clothing, in different sizes for men and women, as well as coffee, sugar, sausages and other items to be able to offer some meals in the mornings. She will reinvest the profits in her business by purchasing more products and expanding her business with more options and new clients. She is dreaming to become someone with a very important business.
Margo represents her group and many Haitians who emigrated to the Dominican Republic to improve their lives. In this group are a sample of ten Haitian families fighting to overcome the Haiti crisis. Thanks to all of you for supporting this 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