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Union Y Desarrollo 1 & 2 Group
In this Group: Maria, Griselda, Dania, Isidra, Miriam, Ana, Inmaculada, Altagracia, Elizabeth, Juana
Maria is the coordinator of her group Union y Desarrollo 1 & 2 (Union and Development). She makes her home here in a simple structure with her husband and 4 children. She says that her most difficult challenge is to live comfortably in a safe house. In the meantime she plans to continue enjoying cooking.

Maria is excited to be taking her 9th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for almost 5 years, starting with her first loan with Esperanza. She plans to use this loan to invest in her business by buying silver jewelry and shoes. She will use the profits to invest in her business, to buy what her children need for school and, in the long term, to build a better house.

This Esperanza associate began with us because she needed to started a business. She talked with some of her friends and maD. up a group to receive a loan from Esperanza. Her story is representative of her group and of Esperanza's Haitian and Dominican clients generally, many of whom recently emigrated to the DR from Haiti. The rural areas surrounding Hato Mayor, an area where the economy is dominated by agriculture, like nearly all impoverished areas of the Dominican Republic, suffer from unreliable and electricity and running water, none of which is potable.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Y Desarrollo 1 & 2 Group's $3,375 loan helped a member to buy shoes and jewelry for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011