Fuente De Bendicion 1 & 2 Group
The business activities of these entrepreneurs are varied: juice bar/ice cream shop, cosmetics sales, clothing sales and fish selling. Fish in this area are especially good, caught and sold on the same day.
Lourdes T. is the group coordinator. She sells fish for a living. Lourdes buys fresh fish at the Sabana D. la Mar port, where fishermen offer it after they come from work. She takes it home, clean it and sells to customers.
Lourdes will use this loan to purchase more fish, which she can freeze if not sold in a short period of time. So far, her sales have been satisfactory. She hopes to increase sales to a level that in time, will allow her to finish building her house.
We'd like to thank you for your support these entrepreneurs.
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