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La Fortaleza, Group 4
In this Group: Armanda, Aurelia, Belkis, Maria, Miguelina
Armanda O. is the representative of this group of five micro entrepreneurs. She started her business a year ago. She took a first loan of 8000 pesos (about 220 dollars) and is applying now for a second loan of 10000 pesos (about 277 dollars).


She is a seamstress and makes bedding items such as bedspreads, sheets, pillowcases and curtains. She makes different models to offer her customers when she visits them, but also accepts special requests. Her clients can pay her cash or take credit. In this case she arranges payment plans with her customers.


Armanda says that "preoccupations never cease to exist." She finds it challenging to sell enough merchandise to complete her loan payments and generate profits. She envisions her business as a house store with more variety. She wants to have a shop with employees that sew for her, and a secretary to take the orders. She would want to do this venture with her other group friends as business partners.


Please help us support Armanda and her friends. Thank you!

Additional Information

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

  • $7,611
    Average annual income
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,847,650
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fortaleza, Group 4's $1,350 loan helped a member to purchase sheet and bedspread fabric, foamed fabric, zippers for cushions, lace for bedspreads and pillowcases, ground foam to fill pillows.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009