Banco Esperanza Group
Eduviges is the group representative and leader of the group. Eduviges has a lot on the line because she has 6 children that she has to take care of. She told me that those children are the reason she wants to be successful. She wants to be able to provide a different life for them and show them that they can be successful as well.
Eduviges has a very small business selling shoes and Avon products. She plans to expand using this loan and dreams of success. The whole group is ready for this new challenge and are on the road to bettering their lives. On behalf of Eduviges, the group, and Esperanza International--------- Thank 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.
About Dominican Republic
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Success!! The loan was 100% repaid