Eunice´s business is a beauty salon. She will use her loan to purchase new products to do her everyday work. Her hopes are that this first loan will help her achieve her dreams of owning a bigger salon and a house of her own. From the profits she obtains, thanks to the improvements she makes in her business with this loan, she expects to help pay for her children´s school and college tuition.
Thank you for supporting this group. Let´s help build the dreams of these brave women!
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