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Shalom 6 & 7 Group
In this Group: Teolinda , Santa , Maria, Olivier, Carmen, Fifa , Yesenia, Pierre, Santa, Mariana
Teolinda is the coordinator of her group, Shalom. Her story is representative of her group and of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the DR from Haiti. Her group is located in Hato Mayor, a rural town in the east of the DR where the economy is based around agriculture. Running water (none of which is potable) and electricity are unreliable. She lives here in a simple structure with her long-term partner and their three children.

Teolinda is excited to be receiving her seventh loan with Esperanza after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her clothing business by purchasing pants and blouses by the dozen to sell to her clients. She will use the profits to invest in her home and her children. Her long-term dream is to see her children become professionals. She thanks you all for your support.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Shalom 6 & 7 Group's $2,625 loan helped a member to buy blouses and pants.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2010
Listed
Jan 28, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010