Nuevo Renacimiento 3, 4, 5 & 7 Group
Judith is a single mother with two children. She runs a beauty salon. She started her business around two and a half years ago, with her own savings. She wants to invest her part of this loan to buy hair and beauty products, beauty salon supplies and instruments. This is her sixth loan. She said that her most difficult challenge has been to establish her business, and she wants to have a successful beauty salon, her own house and a great education for her children.
She will use this loan to invest in her beauty salon. She is hoping to make her dreams come true: to have a prosperous life and a good 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