Mujeres Unidas 1 & 3 Group
Valentina is an excellent Esperanza client and has successfully repaid seven loans. With this loan, her 16th, she plans to buy fruit and cacao. She sells in her community and to chocolate producers. Using the proceeds from her business, Valentina has been able to purchase clothes and food for her children. She has also repaired her house. Her dream for the future is to continue to educate her children and make improvements to her house. Valentina thanks you for your support in helping her achieve her goals!
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