Unidas Para El Futuro 1, 2 & 3 Group
Rafaela is excited to be taking out her 4th loan with Esperanza to invest in her business, a Beauty Salon where she also sells underwear and miscellaneous products. She will use the profits to save towards owning her own home and helping her children to get a good education. 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