Nuevo Porvenir 1, 2 & 3 Group
Damaris is a mother of three children and they still live together with their father (her long-term partner). Her most important challenge is to ensure that her children have a good future. She will make it possible by working hard. Damaris is receiving her fifth loan from Esperanza Internacional and, because her loan repayments have all been made punctually, she has been able to grow her business with the re-investment she makes from each loan. She started her business three years ago and at that time only sold clothes. By taking loans, she started to introduce different products. She would like to save her profits so that she can pay for her children's university education and be able to provide them with a safe home as she also has plans to improve her house.
In this loan, we are adding three pictures. They were taken in their community. The three pictures complete the group of 15 members.
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