Dios Es Mi Pastor 6, 7 & 8 Group
Silvia and her long-time partner live in a batey with their two children. A batey is a small, rural community built by a sugar company, to house their field workers.
Silvia has a successful business selling used clothes from house to house. Used clothes are very popular in the Dominican Republic because most of the pieces are in perfect condition and have very good prices.
With this new loan, her ninth from Esperanza International Dominican Republic, she will buy three bags of used clothes, to resell by pieces.
Silvia's main goal is to finish building her house. She thanks you for lending!
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.
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Success!! The loan was 100% repaid