Colaboradores 3 Group
This group is from an extremely poor area in San Pedro, Dominican Republic, and most have lived in this area their entire lives. Before receiving their first loans, each member was having a hard time providing for their families, let alone themselves. Hopefully this next loan will enable each member to increase the size of their small business, and to improve their standard of living.
Dilcia G. is the representative of this group, and was more than happy to talk to us about her situation and life. Dilcia lives with her husband and her six young children (all under the age of 17). Each day has been a struggle for Dilcia and her husband to feed her six children, and also make sure they are getting to school. She knows that going to school and receiving an education is the only way for her children to break the cycle of poverty, and for that reason she does whatever she can to get them to school.
Before receiving her first loan, Dilcia was not bringing in an income, and just relied on her husband's job. She felt useless, and felt that she was not an important piece of the family. Dilcia took out her first loan and started a small business making and selling food in her area. Since she is an excellent cook and a hard worker, her business did well and she was able to pay back all her loans and save some money.
Now she is going on her third loan, and hopes with this next loan she can expand her business even more. She said she finally feels like a contributer to the family, and feels like she is going to be able to provide her children with everything they could need! She is so happy about having her own small business, and is excited for the future for the first time in her life.
She wants to thank everyone for the help they have provided her! Thanks for all your support and for enabling people like Dilcia to change their future!
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