Mujeres Poderosas 1, 2, 3 Group
Maritza lives with her husband and has three sons. She is a professional cosmetologist and runs a beauty salon. She will use this loan to purchase additional beauty supplies and cosmetics. She hopes to one day have a better salon that is bigger.
Maritza has successfully repaid three loans and this is her fourth loan with Esperanza. These loans have helped to improve her quality of life and have enabled her to make investments.
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