El Sol 1, 2 & 3 Group
Marie has a cafeteria where she sells juices, sandwiches and snack foods. With this loan, she is planning to invest in her inventory and have more products to meet demand. Marie is very excited to receive her first loan from Esperanza International and proud to be part of this group together with others members to do business and to change their life.
Marie enjoys being at home with her four children; she is a single mother. She has being doing business specially because she need to help her children and provide for her family. 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