Cristo Salva 3 Group
Dieula is very excited to receive her four loan through Esperanza International. She took her first loan almost two years ago. She is running a small grocery stall, where she sells candies, and many snacks such as chips, gums, chocolate, etc.
Dieula is planning to invest by purchasing products to increase her inventory. With each loan she takes, she makes her small business bigger. Her plans are to expand her business even further.
This group is composed of five Haitian immigrant women, who live in the city of La Romana, where tourists and the sugar cane are the biggest industries. They all live in a rural area called Batey, surrounded by sugar cane 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