Camino De Victoria 1 Group
Carmen lives in a simple structure with one of her two children and her long term partner. She said her most difficult challenge has been to travel and visit her family living in other countries. One of her most favorite things to do is to watch telenovelas.
Carmen is excited about her 3th loan with Esperanza. She has had her business for approximately 7 years, starting with her own resources. She plans to use this loan to invest in her Cafeteria where she sells sandwiches, natural fruit juices and shakes, and other snacks. With this loan, she will be able to expand her business by buying bread, ham, cheese, catchup, snacks, sugar, milk and fruit.
She will use the profits to buy a refrigerator and chairs for her business. She wants to see her children become professionals - this is one of her dreams. Carmen thanks all of you 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