Jolina is excited to be taking her 8th loan with Esperanza International Dominican Republic after having successfully repaid her previous loan and has grown her business. Starting with her own savings, this businesswoman has been selling clothing for around five years. She plans to use this loan to invest in her business by purchasing clothes for women, men and kids as well as shoes, cosmetics and other products.
Jolina is the coordinator of her group, Activos de Santa Fe (Santa Fe's Active--Santa Fe is the name of their community) 2, 3 & 4. This group is comprised of 15 micro-entrepreuners (women and men) located in the City of San Pedro de Macoris. She makes her home here in a simple structure with her three children. Jolina has been working hard to support her children and her long-term partner. Jolina will use the profits to reinvest in her business and to help with her household expenses.
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.