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La Fortaleza, Group 3
In this Group: Bethania, Manuela, Maria, Maria , Maria
These entrepreneurs live in La Javilla. Bethania H. is the coordinator. Bethania sells clothes and non-prescription medicines like acetaminophen and some antibiotics. Right now she is focusing on her pharmaceutical sales and will have the clothing sales as a siD. business. This is the second loan they received through Esperanza International, and the first to be submitted for funding through Kiva.
The rainy season has just started in the Dominican Republic, and with that, the cases of colds, strep throat and the flu. Bethania will use her loan to purchase medicines that are in high demand, like children’s acetaminophen and penicillin. She usually sells them at a better price than larger pharmacies, and sometimes the government facilities don't have the medications available. So she has become an option for people who can't pay much for medication and can't move far to get them. She wants this business to grow up to be a pharmacy and she would like to become a certified pharmacist.

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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

  • $9,700
    Average annual income
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    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 3's $1,300 loan helped a member to purchase children's and adult's cold medicine.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2009
Listed
Jun 4, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009