Check out some available loans that are similar to this one!
Unidos Para Progresar Group 1
In this Group: Miguelina, Monica, Altagracia, Colombia, Mecedes
Miguelina D. L. S. is a 29-year-old single mother of three children, ages 9, 7 and 4. With her first loan she opened her own store selling jewelry and for the past three years it has been growing. She says her store has been successful because she has a lot of young women as customers who like the style of jewelry she sells. With this loan she will buy more bracelets, necklaces and rings from the nearby town of San Pedro to sell in her store.


Miguelina has successfully completed five loan cycles and is excited at the possibility of increasing her business even more. With her past loans, Miguelina has been able to keep her children well fed and healthy. Her dream is to one day own her own house and make enough money to send her children to college. With this loan she will be one step closer to achieving her dreams.


Miguelina is the leader of the group Unidos Para Progresar 1 (Progressing Together) which takes out microloans as a group in Hato Mayor, Dominican Republic. On behalf of Miguelina and everyone in the Unidos Para Progresar group, thank you for the opportunities you proviD. to the people who need them most!

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 Unidos Para Progresar Group 1's $1,750 loan helped a member to buy bracelets, necklaces and rings.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010