Cristo Es La Esperanza 3, 5 & 5 Group
Yolanda says that her most important challenge is to have a house in the main city and to raise, educate and support her children in all they may need. She operates a colmado, a place where you can find all the ingredients to make your daily food. Normally colmados are in the same neighborhood, just a short walk from any home. She plans to use this loan to invest in her business to buy sugar, rice, vegetables, canned food, cooking oil, flour, etc.
Part of this group for almost a year, Yolanda is excited to receive her third loan with Esperanza, each one helping her to improve her business. With her profits, she will reinvest in her business and save. Yolanda thanks all of you for your support of her business and her group.
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