Cristo Salva 2 Group
Rosa is very excited to receive her four loan through Esperanza International. She took her first loan around two years ago, and after receiving these loans she has been able to make investments in her small business.
Rosa has a Colmado, this is a small food market, where neighbors go to buy their daily meal, She will invest this loan to buy rice, beans, sugar, cooking oil, flour, and other goods. Rosa dreams of having a safe house and a successful business.
This group is composed of five Haitian immigrants located in the city of La Romana, where tourists and sugarcane are the biggest industries. They all live in a rural area called Batey, surrounded by sugarcane fields.
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