Fuente De Vida 3, 4 & 5 Group
Santa is excited to take her 4th loan with Esperanza, and she joined this group almost 2 year ago. Her business has been running for 5 years, which she started with a little amount of capital and bought some merchandise. Santa is selling cosmetics and perfume by walking in her community and nearby. She will invest this loan to buy different miscellaneous products.
Santa said, "My most important challenge is to serve to the Lord", and her most favorite activities are to eat, to sleep and to work. She is dreaming of having a successful business and better income. 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