Mujeres Hacia El Futuro Group
Ynes M. is the representative of this group, and she is a perfect example of what micro-credit can do in a person's life. Ynes is the mother of one young child and before receiving her first loan, she was having a hard time feeding her child each day. Ynes had no real source of income and was just scrapping by each day. Ynes came to Esperanza International and took out her first loan a few years ago and started a small salon, selling beauty products. Through her hard work and diligence she is now taking out her seventh loan from Esperanza, and she can finally provide for her child. Her child is the love of her life, and she is so happy that she can put him through school! All she wants is a great life for her child, and she is on the right path! Ynes is so happy for the opportunity she received a couple years back, and is excited for her future!
Thank you 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