Margarita is the coordinator of his group, Jesus está Aquí (Jesus is Here) group 2 & 4. This group is compounded by Dominican and Haitian borrowers, and their are located in the slums area in the north of Santo Domingo, the capital city. She makes her home here in a simple structure with her long-term partner and their three children.
Margarita is excited to be taking her 6th loan with Esperanza, after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her businesses selling tennis and casual shoes and a comedor, a small restaurant where she sells meal for lunch. She will purchase pairs of shoes as well as rice, beans, cooking oil, meat, and other goods to prepare the meals. She will use the profits to finish building her home. She started with some of her savings and now she is planning to dedicate her benefits to the house. 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.