La Buena Nueva 1, 2 & 3 Group
Marcelina is a businesswoman who lives with her husband and their six children. She tells us that her greatest challenge is to serve God. Marcelina is very excited to receive her 8th loan with Kiva partner Esperanza Internacional, after having satisfactorily paid off her earlier loans, and with each one contributing to growing her business. She has had her business for about four years. She started it with the aim of making money and being useful and that is when she took her first Esperanza loan. She is planning to use her new loan to purchase different styles of clothing. She plans to use her earnings to help her husband with extra income. Her dream is to have a successful business and a comfortable house.
The group pictures are separated; these three pictures make the complete group of 15.
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