La Fe 1 & 2 Group
Juana makes her home here in a simple house with her long-term partner and their two children. This Esperanza associate began with us because she needed to start up a business and with her first loan she started clothing sales. After six loans she has expanded her business into a grocery store. She has had her business for almost three years.
Juana is excited to be taking out her 6th loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business by buying rice, beans, sugar, cooking oil, canned food, etc. She will use the profits to reinvest in her business and to proviD. her family with their needs.
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