Shalom 3 & 5 Group
Maria has been running a business selling clothing for around seven years, since receiving her first loan from us. This will be her 13th loan, having repaid her previous ones satisfactorily. Maria will use it to purchase jeans, shirts, underwear and women's clothes such as blouses, skirts, underwear, etc.
Maria is planning to save her profits to build her house and make plans for her future. 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