Jesus Es Prosperidad 5 & 6 Group
Yessenia is excited about her fourth loan with Esperanza. She has had her business for approximately five years, starting with her own resources. She plans to use this loan to invest in her business by purchasing a hair dryer, some other equipment and beauty products. With this loan, she will be able to expand her business. She will use the profits to save, because she wants to make her dream come true: to have a successful beauty salon and spa.
Yessenia's group is located in Santiago, an area known for tobacco and beef production. Santiago is the second biggest city in the Dominican Republic. The group members are dedicated to selling cloth, food, shoes and jewelry. Yessenia thanks all of you 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