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Dios Todo Lo Puede - Group 3
In this Group: Paula, Jose , Nancy , Elsa, Santa
Paula G. owns what is called a fantasia in the Dominican Republic. It is a small store mostly dedicated to offering personal care products, accessories and school supplies. With this loan, Paula will ensure her fantasia is properly stocked for the months to come. She hopes to expand her business to transform it into a department store in the future. Her greatest ambition is to see her children practicing professional careers of their choice. She has four children: ages 19, 14, 13 and 11.


Paula has been appointed the group coordinator of this group of five entrepreneurs from San Pedro de Macoris. They are starting their microfinance venture with this Kiva loan. These are people who have been involved in trade activities for some time but who do not have financial support to sustain their businesses through the current economic situation.


Please help us support these new microentrepreneurs with a Kiva loan. 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
  • $7,981,250
    Funds lent in using Kiva
  • 35.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Todo Lo Puede - Group 3's $725 loan helped a member to purchase articles for her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009