Union Y Amor 4 Group
Wilfredo lives with his long term partner in their simple home. He says that his most difficult challenge is to improve his business. He enjoys running his store and is very excited to be receiving his 12th loan from Esperanza Internacional. He plans to save the profits for his future goals, which include rebuilding his house with a better and safer structure, and also having a successful store. He 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.
About Dominican Republic
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Success!! The loan was 100% repaid