Ayudanos Señor 2, 3 & 7 Group
Cleotilde and her long-term partner make their home here in a simple structure with their three children. Their community is a Batey, where most of the people live without services and where it is necessary to go to a closer city to get everything they want.
Cleotilde told us that with a loan from Kiva's partner, Esperanza International, many families, especially hers, have been able to improve their lives and to have hope.
Cleotilde's excited to be taking her second loan with Esperanza after having successfully repaid her previous loan and grown her business. She has been running her business for two years. She started investing in calling cards when many people bought prepaid cellphones because they need to buy calling cards to recharge their mobile credits. She will use this loan to buy calling cards and clothing. Cleotilde's dreams are to have an improved business and to take care of her family in a safe and beautiful house. She thanks you all 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