Renovacion 1, 2 & 3 Group
Sujeiri is single and has one child. She sells charcoal and cosmetics through a catalog. She also makes and sells food. She accumulated these businesses over time since they have allowed her to increase her income and serve different customers. Sujeiri is requesting her tenth loan from Esperanza, which she will use to buy flour, cooking oil, butter, meat, and other goods.
Sujeiri wants to save her income so she can have her own house and give her son a good education and a stable life. Upon finishing her college degree, she plans to be a successful entrepreneur in the future.
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