Sira M. is the representative of this group. She is an extremely hard working woman and she has to be because she has 4 young children she must take care of. Each child is under the age of 14 and requires a lot of attention and care. Before Sira's first loan she had almost no form of income and found it very difficult to even feed all her young children. With the first loan she started a very small cafeteria. She hopes to use this next loan to add a wider range of products to sell. She is very excited about her cafeteria and finally feels like she is going to be able to support her children and give them a better life. She is excited to finally have something of her own and she knows she will be a success someday!
Thanks for all 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