Jeimy has 3 children, ages 11, 9 and 2. She sells shoes from a catalog. She sells from her own home and also visits her clients to show them the catalog so they can place their orders. The shoes she sells the most are women´s. She will use this loan to purchase the shoes her clients have ordered from her. She says her biggest challenge is to get her customers to pay her on time. She dreams of one day renting a space where she can have her own store and sell not only shoes, but also clothes and accessories.
Yasmel has a one-year-old daughter. She sells clothes for all ages. The highest demand she gets is for women´s clothing. She buys her merchandise by bundles in order to buy a larger amount at a much smaller price. She sells from home, where her customers visit her. Her dream is to one day have her own store in Avenida Duarte in Santo Domingo (the largest commercial strip in the city).
On behalf of Esperanza International, thank you for supporting these entrepreneurs!
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