Camino De Victoria 1, 2, 3 Group
Zenaida is excited to be taking her second loan. She plans to use this loan to invest in her business by buying clothes, sandals, slippers and jewelry. She will save her profits to help her family build a house. Her husband's income only provides for basic expenses, so she is helping him change their life with better meals, immediate care when they get sick and for many other needs.
Zenaida dreams of having her own home, a good structure, safe and beautiful. Thanks to her business and to Esperanza loans, she feels that her dream will come true.
There are two pictures of this group so as to show as many faces as possible. The group is located in Santiago, the second biggest city in the Dominican Republic. Zenaida and her group thank 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