Dios Puede Group
For 10 of the women in Padre Granero this will be their 1st loan with Esperanza, and for the other 10 this will be their second. It has been such a joy and an honor for us to work with these women over the past 6 months, and we are excited to add more to the group. On behalf of Esperanza, thank you for continually supporting and encouraging these women. God Bless!
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