Unidas Con Cristo 1, 2 & 3 Group
Maria plans to use this loan to buy clothing including pants, blouses, shirts, underwear, T-shirts, etc. She will reinvest the profits in her business because during these months, clients are buying a lot for various occasions including Easter and Mother's Day, and she wants to be prepared for the demand.
Maria makes her home in a simple structure with her long-term partner and five of her eight children. She says that her most challenging goal is to acquire her own house. Her group is located in the rural areas surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy.
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