La Paz 1, 2 & 3 Group
Maria is excited to be taking her third loan with Esperanza. She is starting to invest in her beauty salon by purchasing beauty and hair products and a hair dryer. Maria started her business after studying to be a beautician. She saved up the wages she earned in a salon where she was working until she made enough money to have her own salon. Maria will use her profits to reinvest in her business.
Maria is a married woman with three children. She enjoys being with her family and serving her clients. 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