Las Rosas 1, 2, 3 Group
Flor is very excited to be receiving her third loan from Esperanza Internacional. She will invest the money in her café which she started running after her daughter, who used to own it, became pregnant and had a baby. Her daughter then decided to look after her baby. The café is located in one of the schools in the community. In addition, Flor also sells pre-boiled beans (women in the community usually buy pre-boiled beans to cook. In this way, they can avoid buying canned beans).
Flor's profits will be reinvested in her businesses and she will also use some to cover some of her household needs. One of her dreams is to see her children with stable lives, both in terms of the structure of their families and their financial situation.
Flor está muy emocionada D. recibir su tercer préstamo en Esperanza Internacional, el cual invertirá en su Cafetería, L. cual inicio después D. que su hija, quien era L. propietaria anterior, quedo embarazada y al dar a luz, tuvo que dedicarse a cuidar a su bebe, L. cafetería está ubicada en unas D. las escuelas D. su comunidad. También Flor venD. habichuelas hervidas (mujeres en L. comunidades suelen comprar habichuelas hervidas para cocinar, D. esta manera evitan comprar las habichuelas enlatadas).
Sus ganancias serán re-invertidas en sus negocios y para cubrir algunas necesidades D. su hogar. Uno D. sus sueños es ver a sus hijos con vidas estables, tanto en L. estructura D. sus familias como económicas.
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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