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El Buen Futuro Group 1
In this Group: Rafaela, Rosa, Rosa, Maria, Lucila
At the age of 59, when many would like to retire, Rafaela R. has her eyes set on growing her business. She would like a loan to buy more ice and ice cream for her ice cream business. Rafaela has successfully completed four loan cycles and has proven herself a savvy businesswoman. Her strategy is to provide a greater variety of flavors than her competitors and it is paying off.

Rafaela is part of the solidarity group El Buen Futuro 1 (A Good Future) which takes out microloans as a group. The members of this group live in the small village of Casa Colorada which is a beautiful town surrounded by acres of sugarcane fields and lush greenery. The photo was taken in the grocery store of another group member.

Rafaela would like to keep growing her business in order to finish building her house. It is very expensive for Dominicans to build their own houses, therefore many people build out of cement and slowly add on over the years until their house is finished. Rafaela still has two children and one grandchild living at home and she would love nothing more than to be able to provide them with a house to be safe from the sometimes harsh tropical weather.

Rafaela and the entire El Buen Futuro group greatly appreciate the opportunities Kiva lenders like you have given them and hope to continue in their success!

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD