Plan De Lucha 2 Group
Ceferino makes his home in a simple structure with his long-term partner and their five children. Ceferino is excited to be taking his 15th loan with Esperanza after successfully repaying his previous loans and growing his business. He plans to use this loan to purchase a cow and pigs; he sells meat in the local market in his community. He will use the profits to provide for family expenses and to reinvest in his business. His long term goal is to have a little farm where he can raise animals and sell them. He thanks you all 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