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Mata De Palma En Desarrollo 3,4,5 Group
In this Group: Carmen , Vinirda, Eusebio, Ramona, Caridad , Dias, Isabel, Santa, Dominga, Antonia*, Rosalia, Isabel, Francisca, Alfredo, Marcelina
* not pictured
Carmen is the coordinator of her group “Mata D. Palma en Desarrollo 3,4,5” (Palm Tree in Development), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the Dominican Republic from Haiti). Her group is located in the rural areas surrounding Hato Mayor, an agricultural area where running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her long-term partner and their four children.

Carmen is excited to be taking her eighth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business running a small butcher shop by purchasing the necessary meat.

Carmen will use the profits from this business to invest in her children by purchasing the necessary food and school supplies. 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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mata De Palma En Desarrollo 3,4,5 Group's $4,675 loan helped a member to buy more meat to sell in her butcher shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2010
Listed
Mar 15, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010