Mujeres De La Fe Group
After receiving her first loan, she started a small stand selling various types of candy and other small items. With this next loan she hopes to expand her business and sell a more varied selection of goods. Her goal is to one day have her own grocery store. She said that she has never been more happy than she is right now. She has finally found a way to have a steady income, and she also found something was all hers.
Rosa wakes up every day excited to go to her business and excited to try and improve what she has. She said she can finally provide for her child and wants to send him to a college someday. She feels like this next loan is just going to help her expand even more, and she is so excited about this 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