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La Union 1 Group
In this Group: Juana, Baldemiro, Margarita, Porfirio, Madelin
Juana, 50, is the coordinator of her group La Union (The Union), 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 Hato Mayor, an agricultural area where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and two children.

Juana is excited to be taking 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 business by purchasing fabric to make the sheets, curtains and bed covers that she makes and sells. She will use the profits to repair her home as well as support her children in their college education. 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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Union 1 Group's $750 loan helped a member fabric.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2010
Listed
Apr 27, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010