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Apostolico - Group 1
In this Group: Amancia, Maribel , Alexandra, Maria, Yedelin
Amancia E. lives with her husband. Her children, who range in age from 23 to 40, no longer live with her or support her financially. She started selling clothes in her area in order to generate some income. She will start her sixth loan cycle with Esperanza International. The other group members not only appointed her to be the group coordinator because she is the eldest, but also because she is an example of hard work and diligence.

Amancia will use her loan to purchase some new, fresh summer clothing to sell, including women's apparel, in anticipation of Mother's Day. She hopes her business will continue succeeding as it has thanks to her five previous loans. She would also like to set up a space in her house or in a market where she can sell her merchandise without becoming exhausted.



Please help us to continue supporting Amancia and her friends with this 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
  • $7,847,650
    Funds lent in using Kiva
  • 35.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Apostolico - Group 1's $1,225 loan helped a member to invest in new clothing to renew her inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009