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La Union 1 & 2 Group
In this Group: Juana, Baldemiro, Madelin, Luisa, Porfirio, Amarilis, Santa, Maria, Arelis, Narda
Juana is one of the members of the “La Unión 1 y 2” (The Union 1 & 2) group. They are micro enterprisers dedicated to clothing sales, sales of natural products, shoe sales, teaching, food sales, etc. in the city of Hato Mayor, one of the country’s most rural cities whose economy depends on agriculture.

This Esperanza associate is the mother of 10 children who she has raised with many sacrifices and much effort together with her spouse. For the last 18 years she has been in business to generate additional family income. She started her business at home with a little money she was able to obtain.

She has been collaborating with us for 4 years now and is getting her 8th loan. Each previous loan has been repaid satisfactorily and she has maD. some good investments.

She currently operates a “fritura” (fried fast food stand) and a “fantasía” (a small cosmetics and women’s accessories store).

Juana is planning to invest the money from the new loan purchasing chicken, plantains, meats, etc. but also some cosmetics, clothes, shoes and accessories, etc.

She will use her profits to finish building her house that she’s been building little by little.

Her favorite pastime is negotiating and her main challenge is keeping her business afloat.
View original language description ↓
Juana es una D. los miembros del grupo La union 1 y 2, ellos son microempresarios dedicados a las ventas D. ropa, productos naturales, zapatos, educacion, ventas D. comida, etc; en la ciudad D. Hato Mayor una D. las ciudades mas rurales del pais, cuya economia depenD. D. la agricultura. Está asociada D. Esperanza es madre D. 10 hijos, los cuales ha criado con muchos esfuerzos y sacrificios junto a su pareja. DesD. hace 18 años se dedico a hacer negocios que generaran mas ingresos para el sustento D. su familia, inicio su negocio en su casa, con un poco D. dinero que pudo conseguir, actualmente lleva con nosotros 4 años y esta recibiendo su octavo prestamo, en cada uno ha realizado sus pagos satisfactoriamente y ha realizado buenas inversiones. Ella actualmente esta operando una fritura (un puesto D. comida fritas) y una fantasia (una pequeña tienda D. cosmeticos y accesorios especialmente para las mujeres).

Juana está planificando invertir su nuevo préstamo en la compra D. Pollo, platanos, carnes, etc, pero tambien cosmeticos, ropas, zapatos y accesorios, etc. Ella va a utilizar sus ganancias para terminar D. construir la cual la esta construyendo poco a poco. Su actividad favorita es negociar y su reto primordial es mantener su negocio.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 36.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Union 1 & 2 Group's $2,100 loan helped a member for bananas, chicken, beef, cosmetics, clothes, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2010
Listed
Oct 15, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011