Fe Y Amor 6 & 7 Group
The area around La Romana is dominated by the Dominican Republic’s vast sugar fields. Electricity is scarce and there is no access to potable water. Despite the difficulties of living in this area, Yanira successfully runs a small stand selling fruit and general household items. With this loan, she plans on buying various merchandise for her stand including fruit, flour, oil, and charcoal to sell to her friends and neighbors.
This is Yanira’s fifth loan with Esperanza International and, with a perfect repayment record so far, she hopes it will not be her last. She came to Esperanza in order to inject capital into her business and has been successful so far.
With the profits her loan brings, Yanira hopes to purchase her own home someday, even if it is simple. She also hopes to move her business into its own store, continually improving its appearance and offerings. Thank you for lending to Yanira and the Fe y Amor 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.
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Success!! The loan was 100% repaid