Silverina lives with her two children and husband in a small rural town in the Dominican Republic. She runs a small business selling new and used clothes from her home, and occasionally she sells her merchandise on the streets of her community. She also sells gasoline by the gallon to her community members -- people often buy gasoline in smaller quantities here because it is so expensive -- which is a profitable business.
She is requesting a loan to buy a better selection of clothes to sell, and a to buy a larger quantity of gasoline. It is her goal to own her own store where she can sell a variety of clothes, and operate a real gas station.
She hopes her children will continue studying and that within a few years she will have saved enough to buy their own home.
On behalf of everyone here at Esperanza International, and from Silverina herself, we thank you for your support with this micro loan!
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.