El Batallon De Jehova Group
Fiordaliza sells cosmetics and other miscellaneous products. She is a single woman with two children who has run her business for the past two years. This will be her second loan with Esperanza International. She successfully repaid her previous loan.
El Batallon de Jehova is applying for a 197,000 DOP loan from Esperanza International. Fiordaliza will use her portion of this loan to buy different products such as cosmetics, underwear, shoes, etc. Her dream is to increase her sales and grow her business. She thanks you for 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.
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Success!! The loan was 100% repaid