Activos De Santa Fe 1, 2, 3 & 5 Group
Carmen is the coordinator of her group, Activos de Santa Fe (Santa Fe's Active--Santa Fe is the name of their community) 1, 2, 3 & 5. This group comprises 20 micro-entrepreuners (women and men) located in the City of San Pedro de Macoris. She makes her home here in a simple structure with her husband, they have only one child. Carmen said her most difficult challenge was to educate her child and now she wants to guide her family to a better future. In the meanwhile, she enjoys watching television.
Carmen will use the profits to save and to finish building her house. 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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