Luz De Bendicion 1 & 2 Group
Marie is very excited to receive her second loan from Esperanza Internacional, having satisfactorily repaid her previous loan and taken an important step in her business growth. She has had her business for about eight years; she started it with her saving. She is running a cosmetics and shoes sales, and she is planning on investing the new loan to have capital and be able to buy what her clients order. She does her sales by walking around with products and with a catalog. When her clients order an item, she buys it and most of them pay on credit.
Marie’s family is made up of herself, her long-term partner and their three children, of whom two live in her house. She tells us that her greatest challenge is to build her house into a better structure. She will use her profits to save and start making change to her house by building little by little. She thanks you all 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