Renovacion Las Aguilas 1 & 4 Group
Nieve's family includes herself and her four children, only one of whom lives with her. She lives in Santiago, the second largest city in the country. The town's economy depends on agriculture, cattle raising and tobacco growing, among others. The town also has a large Dominican and Haitian immigrant population who live with very limited resources.
Nieve is very excited to receive her seventh loan with Esperanza Internacional after having duly paid her previous loan and taken steps to grow her business. She has had her business for about five years. She started it when she took her first loan.
Nieve plans to invest her new loan in her business. She sells new clothes and miscellaneous products, and she will use this loan to buy clothes such as pants, shirts and underwear as well as shoes and cosmetics. She will use her business profits to expand her business and also to save to rebuild her house.
She thanks you 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.
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Success!! The loan was 100% repaid