Rosiel is the coordinator of her group, Emprendedoras con Cristo (Entrepreneurs with Christ) 1, 2, 3 & 4. Her group is located in Puerto Plata. She makes her home in a simple structure with her long-term partner and their two children. This group is made up of twenty business-people developing businesses in their rural town.
Rosiel is excited to be taking her first loan with Esperanza International Dominican Republic. She has her own business, which she started with a loan her father gave to her. She plans to use this loan to increase her inventory by buying miscellaneous products like cosmetics, shoes, clothes, etc. She will use the profits to save and reinvest in her business for her future plans.
Rosiel says her most difficult challenge is to have a successful business. In the meantime, she continues to enjoy selling. Her dreams are to work hard and move her business forward, and with the help of God, she will. She thanks all of 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.