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Fuente De Paz 3 Group
In this Group: Margarita, Yanires, Juan, Rosa, Marisa
Margarita is the coordinator of her group, Fuente de Paz 3 (Source of Peace), 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).

Margarita’s group is located in the rural area surrounding El Seibo, 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 longterm partner and her three children.

Margarita 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 small bakery where she make bread, cookies and other baked goods.

Margarita will use the profits to improve her business and, little by little, provide everything her family needs. 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
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fuente De Paz 3 Group's $1,325 loan helped a member to buy more flour, oil, butter, sugar, etc., for her bakery.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2010
Listed
Jul 2, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010