Ana is the coordinator of the group called Mujeres de Union y Paz 1, 2 & 3 (Women of Union and Peace 1, 2 & 3). This group is located in the rural area surrounding San Pedro de Macoris. They all live in a rural community surrounded by sugarcane fields. This is where Ana lives, with her long-term partner.
Ana has operated her business selling miscellaneous products since two years ago, when she decided to take a loan with us and invest it in this business activity. Before, she had had another business, but it was closed at the time she took her first loan. Having promptly repaid her previous loans, Ana is excited to be taking her sixth loan from Esperanza, which she will invest in her business by buying products to increase her inventory. She is planning to use her profits to save for her future plans.
Ana's dream is to have a successful business, where she can sell different kinds of products for all the needs in her community. 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.