Luz De Bendicion 3 Group
Mabel is a single mother of three and runs a nail salon from her home in Los Alcarrizos. Los Alcarrizos is a community on the outskirts of Santo Domingo, the capital of the Dominican Republic. Those living in the Dominican Republic have no access to running potable water, and electricity and healthcare are unreliable at best. Despite these difficulties, Mabel is taking out this loan, her first with Esperanza International, in hopes of improving her life and the lives of her children.
Specifically, Mabel will be using this loan to purchase equipment for her nail salon. She hopes to make something of herself through her work while giving “a future to her children so they can become useful to society”. She hopes to one day buy an inverter for her home; power outages are a daily occurrence in the Dominican Republic (if one has power to begin with), and an inverter would give her family power when there is no electricity. Mabel has high hopes for her nail salon, and with your loan she can attain those hopes. Thank you for lending to Mabel and the Luz de Bendicion 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