Luchando Contra La Pobreza Group
Lucia's business has helped put her two children through college. She has a son, age 25, and a daughter, age 23. She is enthusiastic about the success of her business and plans to continue to expand her business as much as possible. The community she lives in loves the convenience of having a colmado in the neighborhood. Lucia is now a group leader for Esperanza and her story provides encouragement to all the women in her loan group.
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