Amigos Unidos 1, 2 & 3 Group
Sofia is a single mother of two children. Her most important challenges are to work hard to provide for her family and to help her children go forward in their studies. She is receiving her first loan from Esperanza Internacional and she is committed to working harder to improve her business. Sofia would like to save her profits to reinvest in her business. She wants to have a successful restaurant.
The 15 members of the group are shown in the three pictures taken in their community.
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