Asmenvi 1 & 2 Group
Four years ago, Fabia started her business from her savings. She plans to use this loan to invest in her food stall which sells Empanadas (filled fried dough). She will buy flour, meat, cooking oil, vegetables, and other goods. She makes round dough, fills it with different ingredients, fries it and then sells the Empanadas in her food stall at night.
Fabia says her most difficult challenge has been to improve her business and vary her product with different ingredients. She thanks the Lord for these loans which have enabled her to increase her economic activities. One of her favorite things to do is to serve. Fabia is excited about her third loan and will use the profits to improve her business. She thanks all of you 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.
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About Dominican Republic
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Success!! The loan was 100% repaid