Mujeres En Accion 1 & 5 Group
Adelsy will invest this loan to buy vegetables, rice, cooking oil, beans, meat, juices, onion, seasoning and many other goods to prepare the lunches. She hopes that with the profit from her business she can eventually purchase her own home – that is why she is saving, so that in the not too distant future she can start building her house. Adelsy also looks forward to continuing to develop her business which allows her to support her children and raise them with good health and education. She also has plans to expand her business so that, instead of just cooking for people, they can visit her business locale and feel comfortable and have a good time while they are having lunch.
Adelsy is the coordinator for her group, Mujeres en Accion (Women in Action) Groups 1 & 5, of around seven other groups in her community. Most of the members of these groups are Haitian immigrants or part Dominicans.
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