Ana is the coordinator of her group Fe y Amor (Faith and Love) 1 & 2. The group is located in Santiago, the second largest city in the Dominican Republic and known for its tobacco and beef production. The group members are dedicated to selling clothes, food, shoes, and jewelry.
Ana, who lives in a simple structure with her long-term partner and their child, is dedicated to working hard and helping her partner to generate extra income to better their family living conditions. She is starting her business with this loan, which is her first. She is excited to receive this loan and start her shoe sales business. She will purchase many different pairs of shoes for women and men.
Ana will reinvest her profits in her business, as well as save part of the profits. One of her dreams is to succeed in her business. Her most difficult challenge is to finish her secondary school education. She enjoys watching television. Ana 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.