La Nueva Union 1, 2 & 3 Group
Bianca is excited to receive her first loan in Esperanza international, She was invited to be part of this loan by her neighbors, because she has a business. Bianca resells shoes after she buys them from a catalog; this brand of shoes is very popular in the Dominican Republic. Her clients used to order from the catalog, but Bianca also buys every month different shoes and sizes, and sells them by walking or promoting them to her clients.
She hopes with this loan to make her dreams come true, to have a successful business and a good house. 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