Plan De Lucha 2 & 3 Group
Ramona is very excited to receive her second loan through Esperanza Internacional, after having successfully repaid her previous loan. This was a step toward making her business grow. She has had her business for about seven years. She started it with her own savings, selling fruits, vegetables, and other goods.
Ramona plans to use this new loan to purchase oranges, grapefruit, bananas, potatoes, and other fruits and vegetables. She is planning to increase the quantity of her inventory. She plans to use her earnings to invest in her house. Her dream is to build her house. 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