Segunda is the coordinator of her group Manantial de Vida (Spring of Life) 1, 2, 3 & 4. Her group is located in Samana peninsula, an area of the Dominican Republic with a nascent tourism industry, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple, rented structure with her four children, and is a single mother.
Segunda is excited to be taking her tenth loan with Kiva partner Esperanza after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her clothing business by purchasing jeans, blouses, skirts, sock, t-shirt, etc. She will use the profits to save and to start building her house. Segunda's dreams are to see her children become professional and to live with her family in a safe and well-built home. She thanks you all 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.