La Reforma 2, 4 & 5 Group
Agustide makes his home in a simple structure with his 4 children. He says that his most difficult challenges have been settling in a foreign city and helping his family. He plans to continue doing business and enjoying the time he spends working. He is excited to be taking out his 12th loan with Esperanza after having successfully repaid his previous loan and growing his business. He has had his business for 8 years, starting with a fruit and vegetable stand. He plans to use this loan to purchase cosmetics, shoes and clothes to sell. He will use the profits to reinvest and to provide for his children. He is dreaming of improving his business and returning to Haiti to start a good business there.
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