Mujeres Al Poder 3, 4 & 5 Group
Daniry is a single woman with three children. She runs a business selling cosmetic products. She has been selling these products for almost five years. She started this business because she felt the need to produce to sustain her children. She started selling catalog products and now she sells different brands. Daniry is receiving her 5th loan and she is very excited to receive it, because after taking loans from Esperanza International, she has been able to increase her sales and inventory. Her plan for the future is to have a store where she can sell these products and many others. She is very thankful for all 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