Mujeres Con Suenos Y Metas 5, 6 & 7 Group
Dominga is excited about receiving her third loan from Esperanza International. She run a fast food business from a stand in front of her house. Her specialty is salted and fried meat. She plans to invest her new loan in the purchase of meat (beef and pork) and also fruit to prepare natural juices. She started her business because her grandmother uses to sell meat and she talked to her. She has been selling meat for 13 years. Her profits will be saved and to buy different things her children need.
Dominga's most difficult challenge has been to raise her children, and she is dreaming to finish building her house into a concrete block structure, to live tranquil and safe.
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