Cristo El Rey Group
Londaci is a Haitian woman who lives in a simple home with her long term partner. She is associated with Esperanza, needing capital to invest in her clothing business, which she has been doing for two years. She requested her third loan from Esperanza Internacional, which she will use to purchase clothes, shoes, and other products. Londaci's most difficult challenge was to start her business.
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.
About Dominican Republic
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Success!! The loan was 100% repaid