- Dominican RepublicRetailFunding via Esperanza International Dominican Republic, a partner of HOPE International
- Dominican RepublicClothingFunding via Esperanza International Dominican Republic, a partner of HOPE International
- NicaraguaClothingFunding via Pana Pana
Anna Rosanny's Group
Anna Rosanny is 32 years old and is a well-educated woman. She attends to an English course because “Speaking a global language opens the gate to prosperity”, she says. Anna Rosanny owns and operates clothing store which she started seven years ago. Her store offers a collection of fashionable clothing to women, men and children of the community. Anna hopes that her business can grow enough so she can start a branch office in another area of San Cristobal. Together with other four entrepreneurs, Anna is requesting a loan to boost her business. The loan funds will be distributed among the group, and each entrepreneur will invest in her own business.
The other members of the group are:
Denny Margarita F. N., a young entrepreneur which sells an assortment of pants in the same community.
Adriana N., an experienced businesswoman that has been selling fresh meat for ten years.
Lucía Esperanza R. A., a young and budding entrepreneur. She sells silver jewelry and is finishing a small location to run her business.
Gaudy Nereyda C. A. also sells silver jewelry.
NOTE: Members of the group warrant one another’s loans. If one member fails in repaying the loan, the other members will have to take the responsibility.
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