Nuevas Emprendedoras 1 & 2 Group
Isidra is the mother of six children, five of whom are living at home. She says that her biggest challenge is to establish a new business to sell furniture with her husband. She said her most favorite activity is to cook, and that is why she choose to make jams for sale.
Isidra dreams of having a home furniture store where they can sell all kinds of furniture. With this loan, Isidra plans to invest in fruits and sugar, as well as wood, upholstery fabric, and thread . She will uses her business profits to save and reinvest in her new business.
All the members in this group are taking loans to improve their businesses and their lives. They are located in the city of Los Alcarrizos, a very industrial city, in the north of Santo Domingo. Isidra thanks all of you for such amazing 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