Arianny is the coordinator of her group, Nuevo Porvenir (New Future) 1, 2 & 3. This group is comprised of 15 entrepreneurs (women and men) and is located in the city of San Pedro de Macoris. Their community is a rural area, surrounded by fields of sugarcane. Arianny works selling miscellaneous products, such as clothes, cosmetics and shoes. She will use her part of this loan to make purchases to increase her inventory.
Arianny is a single woman. Her most important challenges are to have a successful business and to start her own family. She will make it possible by working hard. She is receiving her eighth loan from Esperanza Internacional, and because her previous loan repayments have all been made punctually, she has been able to grow her business with the new investment she makes from each loan.
She started her business almost four years ago, by taking loans and investing the money in her business. She would like to save her profits for bigger investment in the future. 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.