Saray Y Responsabilidad Group
Teresa lives in a neighborhood in the city of San Pedro. She lives in a simple home structure with her long term partner and their two children. She is running a small clothing and shoe sales business from her home. She also sells her merchandise on foot looking for new clients and visiting her old customers to show them new products.
Teresa is happy that she has had access to loans for seven years. This is her 14th one. All the years and loans have brought positive changes in her life. Her family has been blessed like other members of the group. One of Teresa's dreams is to have her own very comfortable and safe house.
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