Pasos Firmes Group
Ana started her business around eight years ago when she began selling vegetables and fruit. She is excited to receive her eleventh loan from the Kiva partner Esperanza International. Ana will use her loan to increase her inventory and to expand her business into a grocery store. She will purchase more merchandise, including rice, beans, onions, eggplant, potatoes, salami, chicken, and many other goods. Ana also sells used clothing for men and women.
Ana will use her business profit to continue to expand her business. She will also use part of her revenue to help support her three grandchildren who live with her, their mother, and her husband. Her grandchildren will start school in August, and Ana is planning to help to pay for their school uniforms and supplies.
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