Marie is the coordinator of her group, called Fe de Dios (God's faith). This group is comprised of 20 micro-entrepreneurs located in the city of San Pedro de Macoris. Marie makes her home here in a simple structure with her long term partner and their 4 children. She is excited to be taking out her fourth loan with Esperanza International Dominican Republic after having successfully repaid her previous loan and grown her business.
This businesswoman runs a miscellaneous products store where she sells different products like shoes, cosmetics, clothes, and other products. She plans to use this loan to invest in her business to increase her inventory by buying these products.
Marie said that her most difficult challenge has been to have a stable and prosperous business. She will use the profits to reinvest and save for her family needs. She thanks you all 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.