Yanna is the group coordinator of Las Colmenas. Her group is located in the Samana province of the Dominican Republic and is composed of 15 micro-entrepreuners. She lives in a simple home structure with her two children and her long-term partner. Yanna said her most difficult challenges have been to complete her university studies and raise and educate her children.
This is Yanna's tenth loan with Esperanza. She started her business with the first loan she received from Esperanza International almost six years ago. She plans to use this loan to purchase different pairs of shoes, sandals and tennis shoes for men, women and kids. She also plans to invest in miscellaneous products
She always uses her business profits to reinvest in her business but is also saving because her future plans are to improve her family's living conditions, have enough money to provide a good education for her children, and send the children to university. She hopes to be able to save enough money to continue improving her family's lives and to make one of her dreams come true; the dream of having a successful 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.