Los Tulipanes 1 & 2 Group
Giorgina makes her home here in a simple structure with her long-term partner and their two children. Giorgina is excited to be seeking her third loan with Esperanza. She successfully paid off her previous loan after using it to make a successful investment in her "Colmado" (a small grocery store, located in neighborhoods where people go to buy mostly daily meals). She plans to use this loan to invest in her business by buying goods like rice, beans, vegetables, cooking oil, canned products, sugar, coffee, etc. She provides in her business all the products a family might need to cook.
Giorgina's dreams are to develop herself as businesswoman, with an improved business and sustainable life, together with her family. She thanks all of you 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