Sonia is a single mother with three children. She lives in her home built with a simple structure, like others in her community. Sonia lives with her children in the North area from Santo Domingo city, in one of the rural/slum areas around the main city.
Sonia says her most favorite things to do are to take care of her children and play with them. Her most important challenge is to continue growing in her life and business. Since two years ago, Sonia started her clothing sales business with the money she could save from different activities. Now she is receiving her second loan from Esperanza Internacional and will invest this capital in her business. The loan will be used to buy new clothes, cosmetics, shoes and other miscellaneous products.
With her profits, she will reinvest in her business. She dreams of having a general store in a better location. Sonia and her group are going to devote themselves to various areas of work such as clothes, cosmetics, shoes, beauty salons, grocery stores, etc. Thanks for supporting this group of entrepreneurs!
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.