Mujeres En Desarrollo 1-4 Group
Mary lives in Mata de Palma (Palm Tree), a small community northwest of San Pedro. She is a single mother with four children, ranging in age from two to twelve. Mary and her children live in a typical Dominican home with a cement floor, wooden panel walls and an aluminum roof. It shelters them from the rain, but is not secure and can be unsafe during hurricane season. In addition, Mary lacks reliable electricity and running water, and with just two rooms in the home and growing children, space is limited.
Despite these difficulties, Mary runs a successful business selling undergarments from her home. This is Mary’s fourth loan with Esperanza, and to date she has a perfect repayment record. With additional revenues coming in, Mary hopes to expand her business by selling shirts, pants and blouses. She would also like to make improvements to her home, such as constructing walls using cement blocks for more security and safety. Mary also hopes to send all four of her children to university so they can become professionals and have opportunities that were not available to her when she was their age. Thank you for lending to Mary and the Mujeres en Desarrollo 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