Con Dios Adelante 1 & 2 Group
After her previous loans, her business is expanding and gaining more clients. Xiomara enjoys working and cooking for her family. She is running a sales business where she sells miscellaneous items such as cosmetics, shoes and clothes. She will use her loan to purchase many items to increase her business inventory. She is excited to receive her eighth loan with Esperanza. She has been part of this group for almost five years, and with each loan she has been able to improve her business. With her business profits, she saves and reinvests in her business when she needs to buy bigger orders. Xiomara thanks all of you for your support of her business and her group.
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