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La Fortaleza Group 4
In this Group: Ana, Eric, Martina, Anita, Yinoris
Ana is an outstanding example of the opportunity that microloans provide to people all over the world. Ana is 38 years old and is part of a group called La Fortaleza, or The Strength, that takes out loans as a group and supports each other in business ventures.

Ana has been running a retail store for 8 years and she sells goods such as purses, perfumes, clothes and shoes. However, she her dream is to work in the capital, Santo Domingo, as a nurse. She is now on her third loan cycle, trying to increase her profits so that she can work her way through college to earn her nursing degree. She already has one child, aged 18, in college and she hopes that with a career in nursing she can afford to provide her other three children (aged 13, 11, and 9) with college education as well.

With this loan she will buy more sneakers and high heeled shoes as those products sell the most.

Ana and the entire La Fortaleza group are excited to receive another loan and come one step closer to achieving their dreams.

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
  • 3
    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 La Fortaleza Group 4's $1,400 loan helped a member to buy shoes for her retail store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2009
Listed
Jun 26, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010