Esperanza En Dios Group
Ramona and her husband Rafa have four children (18, triplets: 12). Ramona sells oil for cooking and homemaD. ice-cream. Currently she is able to sell 5 to 6 units of oil a week and 100 strawberry, cherry, and chocolate ice-creams at 5 pesos each (approximately $0.14) a day. Ramona desires to use her first micro-finance loan to purchase additional ingredients to increase the sales of oil and ice-cream and also start selling undergarments from her home. Ramona and her husband Rafa desire to see continued growth so that they may continue to proviD. for the needs of their four children.
Other members of Ramona’s bank run similar entrepreneurial operations including a “colmado” or small grocery store and clothing and undergarment sales.
On behalf of Esperanza and this group of business entrepreneurs, we would like to thank 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.
About Dominican Republic
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Success!! The loan was 100% repaid