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Los Montones: Group 3
In this Group: Martha, Dominga, Dolores, Germania, Juana
Martha S. R. (far left) is the coordinator for a group of five women seeking to take out a loan. She is a single mother of two children, ages 5 and 2. She manages a small business selling clothes, something she has a wealth of experience doing.

This is the second time she has taken out a loan with Esperanza; her first loan was successfully used to expand her business to improve her family’s wellbeing. With this loan, she plans to purchase more clothes to further expand her business. Eventually, she hopes to open her own boutique.

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
  • $7,840,950
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Montones: Group 3's $1,200 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2009
Listed
Jun 25, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009