Fuerza Divina 2 Group
Dania sells underwear and clothes. She went into business using her savings, selling from her house. Now she is selling by walking and to wholesalers. Almost one year ago, she went to Esperanza and took out a loan that made it possible for her to invest a greater amount in her shop so she could earn more in profits. This is her second loan.
Dania is planning to use her portion of this 126,000 DOP loan to buy underwear, pants, t-shirts, etc. She will reinvest her profits to buy more products. She thanks 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.
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Success!! The loan was 100% repaid