Jesus Es Prosperidad 2 Group
Yohanna is excited to be taking her sixth loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for three years, starting with her first loan. She plans to use this loan to invest in her business by buying clothes, underwear, cosmetics and shoes. She will use the profits to save and supply her family's needs. She is dreaming to have her own house and to improve her business.
This Esperanza associate came to us because, after having other loans, she found the Esperanza program in her community and prefers our rates.
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