Nuevo Progreso 3, 4 & 8 Group
Mercedes is receiving her seventh loan from Esperanza Internacional (Hope International). It has been nearly four years since she started the program. She will use the loan for operating capital for her business selling fruits and vegetables. She sells her goods wholesale and to individuals. She sells to various businesses and families. She will purchase plantains, yucca, fruits, and vegetables with the loan.
Mercedes and her group are excited to receive your support; your support will help them reach their dreams. Mercedes hopes to have an established business which will allow her to support her family and make profound changes in her life like having a good home and stable economic situation.
Mercedes está recibiendo su séptimo préstamo con Esperanza Internacional, ya hace casi 4 años que se unió al programa, con la finalidad de inyectar capital a su negocio, el cual consiste en la venta de frutas, verduras y vegetales al por mayor y detalles. Mercedes vende a diferentes negocios y familias. Este préstamo será utilizado para la compra de plátanos, yuca, frutas y vegetales diversos.
Mercedes y su grupo están muy emocionados de recibir el apoyo de cada uno de ustedes, es una ayuda a alcanzar sus sueños. Mercedes desea poder tener un negocio bien establecido, con el cual pueda apoyar su familia, y realizar cambios profundos en su vida, poder tener una buena vivienda y una condición económica bien estable.
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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