Monte De Bendicion 3, 6, 7 & 8 Group
Luisa is excited to be taking her fourth loan with Esperanza. She has been a borrower since two years ago, when she decided to get a loan to reinvest in her clothing sales business. Now she is running a miscellaneous sales business, where she sells more than clothes. For this reason and for her business expansion, she will use this loan to buy clothes, shoes, cosmetics, and women's accessories. She is using her business profits to reinvest in her business.
Luisa makes her home here in a simple structure with her husband and their five children. She says that her biggest challenge is working hard for her business. She dreams of having a house built and of living a safe and tranquil life. She 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