Sonadores Con Proposito 6 Group
Margarita makes her home here in a simple house with her long-term partner and four children. She is a devoted mother. She is running a clothing store where she sells all kinds of men's, kid's and women's clothes. She will use this loan to increase her inventory by buying more clothes, specially for the summer season. She is excited to be taking out her 11th loan with Esperanza after having successfully repaid her previous loans and expanded her business and she uses the profits to reinvest in her business and to save. Her future plan is to expand her clothing store with more products like cosmetics and accessories. 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