Cristo Salva 6 & 7 Group
YoL. is very excited to receive her second loan through Esperanza International. She took her first loan around 7 months ago and she is very grateful for the opportunity her neighbors gave her by inviting her to join the group. Receiving these loans has made possible the investment to her small business.
YoL. produces candy with traditional preparations. She makes candies from peanuts, coconut and milk. She sells them door-to-door by walking in the streets. She will invest by purchasing milk, sugar, coconut, peanuts, cinnamon, etc.
YoL. dreams of having a beautiful house and a successful business. This group is composed of 10 Haitian immigrants located in the city of La Romana, where tourists and sugarcane are the biggest industries. They all live in a rural area called Batey, surrounded by sugarcane fields.
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