Fuente Para El Desarrollo Group
Modesta is the mother of one child. She says that her biggest challenges are to improve her business, and to live a better life. She said her most favorite activity is attending church. She is dreaming of seeing her child become professional and have a wonderful life.
Modesta hopes to have a successful business selling souvenirs in addition to selling coconut and fruits. All the members in this group are taking loans to improve their businesses and their lives. They are located in the urban slums surrounding Samana.
She thanks all of you for such amazing 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