Check out some available loans that are similar to this one!
Unidos Para Vencer 1, 2 Group
In this Group: Dominica, Maria, Reina, Soranyi, Venecia, Sarah, Ydenise, Eltha, Louis, Fabia
Dominica is the coordinator of her group, Unidos para Vencer 1 & 2 (Unite to Win Group). She makes her home here in a simple structure with her long-term partner and three children. She enjoys doing beauty salon work, and that why she operates a salon. This is her passion.

Dominica is excited to be taking her second loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for ten years. She was starting to use her savings to buy equipment until she got her first loan. She plans to use this new loan to invest in her business by buying seven packs of hair and cosmetics products. She will use the profits to reinvest in her business and she is dreaming of having her own "ranchito" or little house. She says that her most difficult challenges are to settle her business and get better at managing to do everything she needs to do.

Her story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti). Her group is located in the urban slums surrounding Santo Domingo. This area, 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
  • 37.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidos Para Vencer 1, 2 Group's $2,625 loan helped a member to buy hair and cosmetics products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2010
Listed
Dec 10, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011