Grupo Brisas 3, 4, 5 & 6 Group
PauL.’s family is maD. up of her five children and their parents. This young mother has been very dedicated to her work - it is one of her most favorite things to do - and to attending church. She does this to help her children be able to get ahead, become professionals, get an education, and to proviD. for their family's needs, by helping to bring extra incoming to home. Her most difficult challenge is to have their own home.
PauL.’s business is selling bacon, beef, chicken and pork. She prepares the meat in order to sell for a better price. Also, she makes local sausages with these different meats. She has been in this business for four years. She tells us that she started thanks to motivation from her aunt, who was doing the same, and she introduced PauL. to her meat supplier and recommended her for a credit client. Then, PauL. was able to apply for loans from Esperanza, and she was able to invest almost two years ago. PauL. has now had three loans with Esperanza Internacional. She is very grateful because she has been able to move forward, and she has been able to invest in her business. She will use this new loan to buy several pounds of different meats.
This group has two photos because there were too many to be in just one, and we try to have the most visible faces by having two photos
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
1View loans »
Success!! The loan was 100% repaid