Mujeres De Fe Y Esperanza 1,2 Group
Anal’s group is located in the areas surrounding Puerto Plata on the north coast of the Dominican Republic, an area famous for its natural beauty and its tourism industry, where (outside of the all-inclusive resorts) running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her husband and two children.
Anal is excited to be taking her first loan with Esperanza and is excited to be having access to capital at low interest rates. She plans to use this loan to invest in her business running a butcher shop and selling "habichuela con dulce" a type of Dominican dessert.
Anal will use the profits to help support her children in the university. 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
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Success!! The loan was 100% repaid