Con Dios Adelante 3, 4 & 5 Group
Susana is excited to be taking her fifth loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for around seven years, starting with some capital she and her husband saved. She plans to use this loan to invest in her business to increase her inventory by buying clothes, shoes, women's accessories and cosmetics, etc.
Susana wishes to have a successful business. Since she started taking loans in this program she learned how to save and re-invest the profits in her business. Now she is getting new products and good prices, because closer to December everything is more expensive. She dreams of having her own house.
This group is located in in the rural areas surrounding La Romana, where the sugarcane harvest and the tourist industry dominate the economy. They all live in a "Batey" outside the city, surrounded by sugarcane fields. They are Haitian citizens working in the Dominican Republic.
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