Ulloa 1 & 2 Group
Carlos and the other borrowers in the group live north of San Pedro in Batey Ulloa. Bateyes are poor rural communities constructed by sugar companies for their field workers. They have little electricity, no potable running water, and limited access to medical facilities. Despite these difficulties, Carlos has had great success expanding his business through loans. He is a seasoned veteran with Esperanza International: he is now taking out his ninth loan. He uses the extra cash flow to make cheese and produce milk to sell at his family’s 'colmado' in town. Carlos also travels to nearby Quisqueya, a larger town where he can sell more milk and cheese.
Carlos is a very amiable person who loves playing the guitar. He tries to bring his guitar to every meeting to lead the group in a song or two before they start. Carlos has been in the dairy business his whole life, since he was just a boy. With the increases in profits due to loans, he has now been able to install a new cement floor in his home. With your support, Carlos can continue looking ahead to the future as his business continues to expand. Thank you for lending to Carlos and the Ulloa group!
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
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Success!! The loan was 100% repaid