Mujeres Unidas 3 And 4 Group
Ornise sells clothing which she buys in bundles. She travels from Santo Domingo all the way to Dajabon, a city on the border with Haiti with a large commercial market. It is about a 5½ hour riD.. Another member of the group is involved with the same business. The other businesses incluD. a butcher shop and a fried food stand. Two of the members own colmados (convenience stores).
Carine D. L. C. is the Group 4 Coordinator. This group was interviewed during a visit to Esperanza International’s DR headquarters in Santo Domingo. Carine also sells clothing. She would like to increase her business profits to build a reputation in her area. In general, the group members indicate that loans help them to keep their businesses stocked and allow them to have merchandise available for longer periods of time. They are very excited to be receiving their first microloan through Esperanza International. Please help us to support their business initiatives. Thank you!
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