Mujeres De Suenos Y Metas 5, 6 & 7 Group
Aurelia’s business is a Fantasia, a miscellaneous products shop. She sells different products like cosmetics and women's accessories. This is her fifth loan with Esperanza Internancional. She is very grateful because she has been able to advance and invest in her business with these loans. She will use this new loan to increase her business inventory by buying shoes, cosmetics, clothes, and other miscellaneous items.
This group is located in an area with scant resources in the city of Santo Domingo. It is to the north of the city. Aurelia and her group thank 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.
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Success!! The loan was 100% repaid