Unidas Para Seguir 2 Group
Celeste currently sells various fruit juices from her home, and she says that many people come from all over her neighborhood to buy her juice. She sells juices varying from cantaloupe, to mango, to cherry, and various mixtures of other fruits. Celeste noticed that no one in the area was selling juices, and decided that she would be able to sell her juice easily due to the abundance of hot days in the Dominican Republic year-round. Now, business is brisk with people seeking a refreshing drink on any given hot day.
Celeste, with her supportive husband encouraging her in her business endeavor, is seeking to use the profits from selling juice in order to continue her studies at a university. She wants to someday be a teacher, and the money that her new business will bring in is going to help her afford the necessary classes. This in turn will allow her to help provide a better home for her child, and a better living situation for the family, in addition to her husband’s income.
For additional loans from Esperanza which still need funding, click the link at the bottom of this profile. You’ll see a list of other groups in the Dominican Republic, full of people just like Celeste, striving to help make a better life for themselves and their 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.
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