Mujeres En Desarrollo 3 & 5 Group
Specifically, Felicia and her fellow borrowers live in Batey Margarita. Bateyes are small, rural communities built by sugar companies for their field workers. They are isolated, have no running water, and have unreliable electricity at best. Felicia lives with her husband and one of her grandchildren; she has seven children, but all have married and moved out of her home.
Felicia runs a successful eatery which serves traditional Dominican foods (rice and beans, plantains, stewed chicken and beef). On the siD., she also sells clothing to add to her income. Felicia says that she really enjoys working and loves the loans she has received from Esperanza, saying that if there is anything available to help her business, she would want it.
Unsurprisingly with the work ethic she brings to the table, this is Felicia’s ninth loan overall with Esperanza International. She has a perfect repayment record so far and hopes to continue using the financial services available to her. Thank you for lending to Felicia 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.
About Dominican Republic
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Success!! The loan was 100% repaid