Beata is a 27-year-old woman who lives with her husband and five children in the suburb of Los Alcarrizzos on the outskirts of the capital of Santo Domingo. She has a small business where she prepares and sells fried foods to her community members; she has named her business Friatura Beata. She is asking for this loan so that she can buy a wider variety of vegetables and meats to sell her community members—without more capital she is restricted to buying the same, lower-priced meats and vegetables.
Her dream is to see her business grow so one day she can have her own building. For her children, she hopes to see them continue studying so that they can be professionals one day. For herself, she wants to become something and be someone important in her community—she hopes that through her hard work she can achieve this.
Her biggest challenge in life is to never give up—she has to make herself always fight to arrive at the place that she envisions for herself and her family. In the little free time that Beata has she says that she loves to read the Bible.
On behalf of Beata and everyone here at Esperanza International, we thank you for your support of her loan!
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.