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La Solucion 3 Group
In this Group: Evelyn, Carida, Anny, Elisia, Ruben
Evelyn R. approached Esperanza a couple of months ago inquiring about how to receive a loan for her business selling bedspreads, sheets, soap, and other household items. After several meetings explaining the loan terms and putting together a group of five women, she is ready to accept her loan in order to invest in and grow her small business. This is a rare opportunity for someone in her economic status, and she reinforced several times how grateful she was and how she couldn’t wait for her business to grow with this new investment.

Evelyn explained that, with new loan, she would be able to increase her merchandise and also be able to explore new markets for her products. She explained she wants to grow her business in order to hopefully proviD. a better life for her children. She has two boys aged 11 and 3, and she has one daughter aged 15. She speaks very highly of her daughter who is an excellent student who has dreams of attending college and becoming a professional. She explained her boys are typical boys who both love playing baseball.

In the future, Evelyn hopes to expand her business through new loans, and her long term dream is to own real estate that she could rent out. She has ambitious goals, but she knows she has to start small in order to fulfill her long term goals.

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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Solucion 3 Group's $900 loan helped a member to purchase bedspreads, sheets, soap, and other household items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 2, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010