Progreso Y Conciliacion 1, 2 & 3 Group
For about 5 years, Mayra has been selling clothes by walking in her community and to many different communities. She started selling underwear, after she found an underwear market in the city of Romana. She has improved her business with every loan she has taken with Esperanza. This is her third loan. She plans to use this loan to buy different styles of clothing, for men, women and children.
Mayra's story is generally representative of her group and of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the Dominican Republic from Haiti.
Note: There is more than one group picture in order to present as many visible faces as possible.
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