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Grupo Unido 1 Group
In this Group: Rafael , Vinicio, Cirilio, Reyna, Felipe
Rafael is the coordinator of his group, Grupo Unido (United Group), and his story is representative of his group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the Dominican Republic from Haiti). His group is located in the port town of Puerto Plata on the north coast, where the economy is dependent on tourism and where running water (none of which is potable) and electricity are unreliable. He makes his home here in a simple structure with his wife and three children.

Rafael is excited to be taking his first loan with Kiva partner, Esperanza, and is excited to invest in his business. He plans to use this loan to invest in his business running a small food market by purchasing 100lbs of chicken, 1kg of turkey and 0.5kg of yuca (cassava). He will use the profits to invest in completing construction of his home. He 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
  • 15
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo Unido 1 Group's $1,125 loan helped a member to buy 100lbs of chicken, 1kg of turkey and 0.5kg of yuca.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010