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Fuente De Desarrollo 1 & 2 Group
In this Group: Santa, Modesta, Yosari, Leocarina, Rosario, Felix, Edikson, Agueda, Justina, Wuendy
Santa is one of the members of the Fuente Group for Development 1 and 2. They are micro-business people who sell clothes, natural products, shoes, artisanal crafts, etc. They are in the city of Samana, a tourist town in development bordered by the Atlantic coast and rich in natural resources. She is associated with Esperanza and started with us because she needed to work to get ahead.

Santa is very excited to be receiving her fourth loan in Esperanza Internacional after having sucessfully paid off her previous loans and having taken steps to grow her business. She has had her business for around 2 years and started it with a little loan from another institution to sell products on the beach. Santa is planning on investing her new loan in purchasing coconuts and fruit. She will use her earnings to re-invest in the business while she saves to be able to buy a van and build her house. Her biggest dream is to see her son graduate and become an upstanding person.
View original language description ↓
Santa es una de los miembros del Grupo Fuente para el desarrollo 1 y 2, son microempresarios dedicados a las ventas de ropa, productos naturales, zapatos, artesanía, etc; en la ciudad de Samana, una ciudad turística en desarrollo, bordeada por las costas del Océano atlántico y rica en recursos naturales. Está asociada de Esperanza comenzó con nosotros porque tenía la necesidad de trabajar para superarse.

Santa está muy emocionada de recibir su cuarto préstamo en Esperanza Internacional, después de haber pagado satisfactoriamente sus préstamos anteriores y haber dado un paso para el crecimiento de su negocio. Ella ha tenido su negocio por alrededor de 2 años, el cual inició con un pequeño préstamo que todo a otra institución diferentes productos en la playa. Santa está planificando invertir su nuevo préstamo en la compra de Cocos y Frutas. Ella va a utilizar sus ganancias para reinvertir en su negocio, mientras ahorra para poder comprar una guagua y construir su casa. Su más grande sueño es poder ver a su hijo graduado y convertirse en una persona de bien.

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
  • $7,981,250
    Funds lent in using Kiva
  • 36.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fuente De Desarrollo 1 & 2 Group's $3,150 loan helped a member to buy coconuts and fruit.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2010
Listed
Oct 12, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011