Ana's business is selling. She acquires her clothing in the flea markets of Santo Domingo or on the border with Haiti. Ana is married and has 4 children. She tells us that her biggest challenge is being able to provide her kids with a good education.
Ana is very excited to be receiving her third loan from Esperanza Internacional and will invest it in her business, which she has had for around 8 years. She is planning to invest her loan in buying various items of new clothing like pants, t-shirts, jeans and short pants, etc. She will use her profits to re-invest in her business. Her dream is to make her business a successful one. 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