Plan De Lucha 2 & 5 Group
Claritza, the mother of two children who live with her and her long-term partner, has been selling underwear for about four-and-a-half years. She started it with her initiative and a small amount of savings to generate income and be useful. She tells us that her biggest challenge has been working to help her children get ahead. Her favorite activity is tending to her business.
Having repaid her previous loan, Claritza is very excited to receive her sixth loan through Esperanza Internacional, another step toward making her business grow. She plans to invest this new loan by purchasing underwear for men and women; she intends to start selling them in wholesale quantities. Claritza will reinvest her earnings in the business and save for the future. Her dream is to have a well-established enterprise, and she 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