Las Responsables 5 & 6 Group
Maribel is excited to be taking her first loan with Esperanza. She has had her business for around a year. She plans to use this loan to invest in her business by purchasing fruits, vegetables, charcoal, chicken, and other goods. She runs a Fruits and Vegetables stall. She will use the profits to reinvest in her business. She is very motivated to invest in her business and she hope this first loan will one step to develop her business and to change the lives of her family.
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