La Fe 5, 6, 7 & 8 Group
Clemencia makes her home here in a simple house with her long-term partner and their three children. She is selling clothes, but she wants to use this loan in order to buy more shirts, blouses, jeans and many other different pieces to sell. In the future she wants to continue working in order to overcome the difficulties in her life. By working hard in her business and after eleven loans, it has been possible to grow her business and expand her clientele. Clemencia told us that she is working hard because she wants to have a successful business and to provide for her family's needs.
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