Las Milagrosas 2 & 3 Group
R. lives in a simple structure with her long-term partner and their two children. She says that her biggest challenge is to continue living a Christian life according to the gospel. This is her second loan with Esperanza Internacional.
R. has had her business for more than two years. She buys planting pots and paints them, then sells them painted and decorated. Most of her clients buy them to plant flowers. After she had started this a friend told her about selling ice cream; she then bought a freezer and four ice cream buckets of different flavors. Now she is selling both painted pots and ice cream. She will use this loan to purchase one dozen pot sets and four buckets of ice cream.
She will use her business profits to buy her children school supplies, because the school season is coming. After this she will be able to save the profits and reinvest the rest in her business.
She enjoys being with her family and painting. She dreams of having her own house; this is one of the reasons she is saving and taking the loans to invest in her business activities.
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