Fe & Amor 1 & 6 Group
Violeta is excited to be taking her 11th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for around 5 years, starting it with her savings. She plans to use this loan to invest in her business by buying meat to be sold in her butcher shop. She will put the profits in savings and reinvest in the business to buy more products.
This group is located in the rural areas surrounding La Romana, an area where the economy is dominated by sugarcane and upscale tourism. Violeta 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