Dios Ante Todo 1, 2 & 3 Group
Margo is excited to be taking her sixth loan with Esperanza. She runs a clothing sales business. She has had her business for nearly three years. She began her business by selling a dozen pairs of jeans she bought with her first loan.
Margo is planning to use this loan to invest in her business by buying clothing in different sizes for men and women. She will reinvest the profits in her business by purchasing more products and expanding her business with more options and new clients. She dreams of becoming someone with a very important business.
Margo represents her group and many Haitians who immigrated to the Dominican Republic to improve their lives. In this group is a sample of 15 Haitian families fighting to overcome the Haiti crisis. Thanks to you for supporting this 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.
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Success!! The loan was 100% repaid