El Buen Samaritano 3, 4 & 5 Group
Benita makes her home in a simple structure with her long term partner and their two children. She tells us that her most favorite things to do are to work and study.
Benita has been working in her beauty salon for about six years, which she started after working in one and learning all the techniques. She saved enough money to buy some tools like a hairdryer, brushes, and hair products. Now her little business is set with more tools and clients. She is ready to receive her second loan with Esperanza Internacional, after successfully paying back her previous one. She will use this new loan to invest by purchasing hair and cosmetic products.
Benita will use the profits to save. Her future plans are to have her business in a local area, to have her own house, and to educate her children. She thanks all of you 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