La Bendicion De Dios Group
Maria is excited to be taking her first loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for almost 5 years. She plans to use this loan to invest in her business by purchasing rice, sugar, a box of red beans, canned food, cooking oil and other goods. She will use her profits to invest in her business and to save.
Her group is located in San Pedro D. Macoris, a city famous for baseball players and the sugarcane industry. The main economic activities here are a free traD. zone and a cement factory. All of them are working together to develop their Batey (town where sugar workers live) into a better place to live, with the main services and different stores.
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