Shalom 6 & 7 Group
Maria is running a business selling clothing, cosmetics, shoes and other products. She is the mother of a child, and she lives with her child's father. She tells us that her most difficult challenge is to have a successful business. She is dreaming to have a very large general store in her community, a store where she can sell to wholesalers. Her most favorite activity is attending to her business. This is her 14th loan, after having repaid her previous loans satisfactorily. She has been in business for around seven years, having begun selling cosmetics with some saving she had.
Maria will use this loan to purchase jeans, shirts, underwear, cosmetics, shoes, jewelry and other miscellaneous products. She is planning to use her business profits to save, because she wants to have capital to invest more in her business inventory and maybe the local. She thanks all of you 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