Hijas De Sion 1 & 2 Group
Maria runs a small business selling empanadas (filled dough of meat, eggs or vegetables). She dedicates herself to selling this meal from her house and producing income for her family. She has three children and they are live together with her husband and her children's father.
Maria is really excited to develop her business, which she started four years ago with some of her savings. She is committed to do a business and help her husband with extras income. This is her first Esperanza loan. She wants to use her business profits to save.
Her dreams are to have her own house, and thanks to her business, her savings and the Lord, she will get it. Her favorite thing to do is to play sports, especially softball.
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