Las Escogidas 4 Group
Juliana has had seven loans with us and she has grown her business. She has operated her business for around four years, selling miscellaneous products such as clothes, shoes, jewelry, cosmetics and many other items. She plans to use this loan to invest in her business to increase her inventory by buying a dozen of each product.
Juliana said that her most difficult challenge is to develop her business and to take care of her children. She wants to have a store where she can provide products that her community needs.
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