Mujeres Hacia El Progreso Group
Maria is excited to be taking out her second loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her clothes-selling business by purchasing blouses, underwear, and pants in the main markets and then selling them at a profit in her community. She will use the profits to invest in her goal of owning a vehicle, which will help her continue to expand her business as well as to make her life easier. She thanks you all for your support.
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
0View loans »
Success!! The loan was 100% repaid