Pasos Firme Group
Luisa, mother of a ten-year-old child, operates three notably different entrepreneurial sales. Luisa sells vegetables, cellular phone recharge cards, and gas for stove-top cooking and lamps. Recently, Luisa’s husband has fallen ill, leaving Luisa to care for her ill husband and child, and continue to work for prosperity within her business. However, Luisa is dedicated and dreams of one day owning her own home.
Other members of Luisa’s bank run similar entrepreneurial operations including selling chicken, clothing, and undergarment sales. The bank as a whole is committed to successful completion of this additional micro-finance loan and past performance demonstrates competence and commitment.
On behalf of Esperanza and this group of business entrepreneurs, we would like to thank 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.
About Dominican Republic
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Success!! The loan was 100% repaid