Mujeres Luchadores Sin Limites Group
Angela now has three businesses of her own. Her main business is a clothing business, where she takes orders for clothing in the community and buys her inventory on a per-order basis. In addition, she also runs a small store out of her house that sells candy, snacks and other staple food items. Her businesses have suffered from the current recession, as she notes: “There is less money on the street these days.” Angela will use the loan to restock her inventory.
Angela is the single mother of three boys, ages 18, 13 and 10. Since her husband left her, she has become the breadwinner of the home, and has had to support her sons with the income from her businesses. Angela has big dreams for her businesses. She hopes to be very successful, to expand her businesses and to be able continue to provide for her family.
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