Mujeres Luchadoras Group
Raquel came to Esperanza International after learning about it through a friend, and after several meetings and workshops she has decided to start a small business selling used clothing out of her house, where she can still watch over the kids. She feels that having her own business could really help out the family, and hopefully someday pull them out of the poverty they are in. Raquel is therefore excited about requesting the loan and starting the business, dreaming that one day she will have a big business and be able to send her children to college.
She knows this is just the first step, and there is still a lot of work ahead. Raquel is ready for this new challenge, and she and her family are very appreciative of this possibly life-changing opportunity!!
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