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Nueva Union 6 & 7 Group
In this Group: Josely, Marcia, Yicey, Valeria, Santa, Catalina, Ondina, Juliana, Antonia, Yahaira
Josely is the coordinator of her group "Nueva Union 6 & 7" (New Union). Josely is excited to be taking her 5th loan. She plans to use this loan to invest in her business where she sells clothing and catalogue products (especially cosmetics). She also is a tailor and makes clothes and other stuff. She makes her home in a simple structure with her two children, being a young single mom. She will buy some products and clothes for her business and a sewing machine to sew different items for the home and people. She says that her most difficult challenge is to have a united family. She enjoys sewing and any time she is free, likes to create.

Josely is planning to have a medical check-up as soon as possible. She will use the profits from her business to buy school supplies and a computer. Her future with Esperanza means more loans to invest in her business, and she wants to work, grow and improve so she can bring in more income for her family.

This Esperanza associate’s story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti) generally. Her group is located in a rural area in Samana, a city on the north coast of the Island, and like nearly all impoverished areas of the Dominican Republic, suffers from unreliable 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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,847,650
    Funds lent in using Kiva
  • 36.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Union 6 & 7 Group's $3,025 loan helped a member to buy clothing and catalogue products, and a sewing machine.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2010
Listed
Aug 5, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011