Amor Y Amistad 6 Group
Yolanda is a single woman who lives in the beautiful town of Samana. She says her most important challenge is to keep her business stable and sustainable. She enjoys working and serving the needs of her family and friends.
Yolanda is receiving her 17th loan with Esperanza International Dominican Republic, having repaid all her previous loans. After eight years of investment, her business has been growing to the point where she is selling a greater range of products and acquiring more clients and communities.
Yolanda will use this loan to purchase cosmetic products. She will reinvest her profits in her business and she is also planning to add other high-demand products, such as school supplies. 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.
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Success!! The loan was 100% repaid