Nuevas Emprendedoras 3 & 5 Group
Dignorah is 21 years old and says that her biggest challenges are to finish school and become a professional. She also wants to have a family and a successful bakery. Cooking is one of her favorite activities and that's why she is turning her passion into a business.
Dignorah plans to use this loan to buy flour, meat, vegetables, cooking oil, baking soda, eggs, and other ingredients. She will save the profits and reinvest so she can fill any need.
All the members in this group are taking the loan to improve their businesses and their lives. They are located in the city of Los Alcarrizos, a very industrial city, in northern Santo Domingo. Dignorah 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