Genesis 4, 5, 6 & 7 Group
Isabel plans to use this loan to invest in her business by purchasing gum, lollipops, snacks (chips), and others. She has had her business for almost two years, starting after the first loan she received from Esperanza. She is excited to be taking out her third loan with Esperanza after having successfully repaid her previous loan and expanded her business. She will save her profits to reinvest in her business.
She makes her home here in a simple house with her long-time partner and their two children. She says that her most difficult challenge is to raise her children and to give them all they need; they are attending school. In the meantime, she enjoys singing and dancing. She is Haitian and she immigrated to Dominican Republic for a better future.
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