La Esperanza 1, 3 & 4 Group
Rosa has been running her business for around three years and this is her third loan with Esperanza Internacional. She sells miscellaneous products like clothes, bread and gasoline. She sells them in her home located on the main road in the town, where many people pass by and buy her products. She started her business with some capital she saved by working in the city. With her business profits, she will be able to expand her sales and plans to build a locale for her business.
Her most difficult challenges are to buy her house in the city and to have an improved business. She wants to be able to send her children to attend university. Thank 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
6View loans »
Success!! The loan was 100% repaid