Luz Y Esperanza Group
Rosa is excited to be taking her 11th loan with Esperanza after having successfully repaid her previous loans and growing her business. She plans to use this loan to invest in her business by buying cosmetic and beauty products, and a hair dryer. Rosa is running a beauty salon. She has had this business for around 6 years. She will use the profits to invest in her business locale; she wants to have an own place, very organized and spacious.
Rosa said her most difficult challenge has been traveling to other countries. It is very difficult for her because it is very expensive to travel and get the visa. She is very interested in other cities and cultures. She enjoys working in her beauty salon and recommending to her clients hair cuts and to change styles. She thanks you all for your 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