Los Palmares 1, 2, & 3 Group
Monica requires a loan to buy fabric, thread and haberdashery items to make blankets, bedding sets and curtains. This is Monica's third loan with Esperanza International. She will take a step toward improving her business by investing this loan to increase her services and sales.
Monica has run her business for almost ten years. She lives in a simple home with her three children. She is a hardworking single mother working to provide for her family. Her most difficult challenge has been raising her children.
Monica enjoys taking care of her children. She says that her favorite thing is to sew. She will save her profits because she wants to fulfill her dream by buying a plot of land to build a house. Monica and her group are thankful 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