Hoyo Del Toro 1, 2, 4 & 6 Group
Carmen sells clothes, especially second hand clothes, in a flea market close to her community. When the Esperanza program went to her community, she decided to have a loan for her business, after 10 loans she has been able to establish her business and to proviD. for her family. She will invest this loan to buy a bag of used clothes and blankets.
Carmen said that her most biggest challenge is to raise her children into a better enviroment, she wants to give them a safer life, and with few needs as possible; she is working to proviD. school, food, clothes and other needs. She enjoys learning and taking care of her children.
She is dreaming to see her children attend the University, graduate and become professionals. Thank you!
Carmen is the lady on the right bottom in the picture.
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