Miosotis 1 & 2 Group
Santa is very excited to receive her second loan through Kiva partner Esperanza Internacional, after having satisfactorily paid her prior loan and having taken a step toward growing her business. She has had her business for about four years, which she began with a small investment of less than $50 USD. She put a display case in her house and thus started selling. Plans are to invest her new loan in the purchase of two entryway tables and various chairs maD. of bamboo. Her business is based in the sale of decorative items, which has been well accepted in the community. She plans to reinvest her earnings in her business to make it grow. Her dream is to follow in the ways of God, be a good businesswoman, and be able to build her house and a big commercial center.
Santa está muy emocionada D. recibir su Segundo préstamo en Esperanza Internacional, después D. haber pagado satisfactoriamente su préstamo anterior y haber dado un paso para el crecimiento D. su negocio. Ella ha tenido su negocio por alrededor D. 4 años, el cual inició con una pequeña inversion D. menos D. $50 US, coloco un exhibidor en su casa y desD. ahi inicio sus ventas. Está planificando invertir su nuevo préstamo en la compra D. dos mesas para recibidor (repisas) y varios asientos fabricado en bambu, su negocio basado en ventas D. articuL. y piezas para la decoracion, ha sido D. buena aceptacion en su comunidad y planea utilizar sus ganancias para reinvertir en su negocio y hacerlo crecer. Su sueño es seguir en L. pasos D. Señor, ser una buena profesional y poder construir su casa y un gran centro comercial.
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