Dios Es Bueno 1, 2 & 3 Group
Margarita has had her business for around a year. She plans to use this loan to invest in her business by purchasing bread, jam, cheese, fruits, sugar and snacks for her food stall, where she will add more meals, such as rice, beans and meat to sell for lunch. Her profits will be used as savings because her children will start school again in about 3 months and she need the money for their school supplies.
Margarita makes her home in a simple structure with her four children and her long term partner. She says that her most difficult challenge is to educate and raise her children in a foreign country and to proviD. what her spouse can't. By working and selling, she helps to bring income to her household. In the meantime, she plans to continue enjoying to cook and have fun with her family by watching tv and doing other activities.
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