Asociacion De Cristo Group
Alicia P. is the chosen group representative, and it's obvious why because she is fun and outgoing. She is the mother of 4 children and lives with them and her husband. Before her first loan she didn't contribute any money to the family and had to rely completely on her husband. She felt useless and wanted to do more. She loves her children more than anything and knew that she needed to start making some money to help give them a better life. She then went to Esperanza International and took out her first loan. With the loan she started a small fruit and vegetable business in her area. She is a diligent worker and through time she was able to pay back all her loans and save some money.
Now she is hoping to receive her third loan, which will enable her to start selling a wider variety of fruits and vegetables. She is happy with the way her business is running and believes that she can continue to expand. She is now an important contributor to her family and feels that she can proviD. for her children. She dreams of putting all her children through college, and she is on the right path! For the first time in her life she is excited for the future and knows she is going to break the cycle of poverty. On behalf of Alicia and Esperanza International---- 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