Esther 1, 3 & 4 Group
Margarita operates a miscellaneous sales business by selling cosmetics, shoes, clothes, and other items. She will use the loan to purchase many items to increase her business inventory. She is excited to received her 9th loan with Esperanza and her group, as with each loan she has been able to start her business and improve it, making it possible to proviD. for her family needs and introduce different products to her children.
Margarita represents women who decided to start small businesses to supplement the insufficient incomes their households receive. This group is located in the city of San Pedro D. Macoris, in one of the rural village surrounding the main city. Margarita enjoys to work and be at her home with her family.
She thanks all of you for your support to her business and her group.
This group has two photos because there were too many to be in just one, and we tried 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
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Success!! The loan was 100% repaid