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Vecinas Unidas 3, 7, 8 Group
In this Group: Lucia, Ysabel, Ycelsa, Juana, Maria, Maria , Miguel, Aureliana, Jose, Mercedes, Marcia, Agustina, Lorenza, Carmen, Gerson
Lucia is the coordinator of her group, Vecinas Unidas (Unites neighbors) 3, 7, 8. She says that her most difficult challenge is to study at the university. In the meantime, she continues to enjoy working.

Lucia is excited to be taking her first loan with Esperanza. She is starting her business with this loan. She plans to use this loan to invest in her business by buying silver rings, necklaces, bracelets and other silver jewelry. She will use the profits to invest in her business and save because she wants to make her dreams come true. She wants to study business administration, planning to rule her own business. That is why she is taking this loan and will focus on working hard and moving her business forward. With the help of God, she will.

Her story is representative of her group and of Esperanza's other Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients. Her group is located in Samana, a lush rugged peninsuL. with a nascent tourism industry. 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 37.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Vecinas Unidas 3, 7, 8 Group's $3,425 loan helped a member to buy silver rings, necklaces, bracelets and others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2010
Listed
Dec 14, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011