Amor Y Paz En Dios Group
Candida is excited to be taking her 11th loan with Esperanza, after having successfully repaid her previous loan and grown her business. She has had her business for around 6 years, starting with a grocery stall in her house. She plans to use this loan to invest in her business to buy rice, flour and other foods. Her business is a Colmado, a place where you can find all the ingredients to make your daily food. Normally, these colmados are in the same neighborhood as homes, or short walking distances from any home. She will use the profits to reinvest in her business and to proviD. certain necessities.
This Esperanza associate began with us because she was searching for loans to start doing business. Her group is located in San Pedro D. Macoris, a city famous for Baseball players and sugar cane industries. The main economic activity is free trading zone, a cement factory, and others.
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