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Unidos Podemos 9 Group
In this Group: Maritza, Rafaela, Licitania, Maria, Yolanda
Maritza is the coordinator of her group Unidos Podemos (United We Can), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in the rural areas surrounding El-Seibo, a rural town where the economy is dominated by agriculture and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long term partner and their two children.

Maritza is excited to be taking her third loan with Esperanza after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her business running a small colmado or cornerstore, by supplying it with cooking oil, rice, beans, powdered milk and other basic necessities. She will use the profits to save towards investing in a separate location for her colmado, which she currently runs out of her house. 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

  • $7,611
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,091,175
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidos Podemos 9 Group's $1,400 loan helped a member to buy, cooking oil, vegetables, powedered milk, beans.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2010
Listed
Jan 27, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010