Los Colavoradores, Group 5
Rosalene makes her living selling clothes, something she has done for four years. To maintain her stock, she travels to Santo Domingo up to three times a week! She has taken out this loan, her third with Esperanza, so that she can afford to buy more clothes in a single trip to the capital. This would allow her to decrease the frequency with which she must travel to buy clothes, saving her a lot of money on transportation costs.
Rosalene has six children, ranging in age from 12 to 20. Even at these ages, all of them attend some sort of school. Two of them so far have expressed career aspirations, she says, one wanting to be a doctor, and another a mechanic.
Please lend to Rosalene and her group to help them achieve their goals!
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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Success!! The loan was 100% repaid