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Lucerito 1 Group
In this Group: Carmen, Enorminia, Elauteria, Ires, Carmen
Carmen is a member of the group "Lucerito 1" which translates to "Guiding light". The group is in Los Alcarrizos which is located north of the city of Santo Domingo which is a very industrialized city with a large population. Los Alcarrizos is dependent on the companies and economy of Santo Domingo. Like in many other cities, Los Alcarrizos has a shortage of drinking water and electricity and includes a Dominican population as well as a population of Haitian immigrants.

Carmen is dedicate to the art of creating things, like jewel. She make rings, necklaces, bracelets and other creative things. She is the mother of two children. Her biggest challenge is to become a designer and to expand her art so that it can be known in other places. She likes to create things.

Carmen is very happy to be receiving her fourth loan with field partner Esperanza Internacional. With this loan she hopes to be able to get ahead and to have a successful business. She plans on investing her loan in purchasing various materials like thread and accessories to make different styles of jewelry. She plans on using her profits for her house and to improve her designs.

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
  • 37.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Lucerito 1 Group's $1,075 loan helped a member to buy thread, jewels, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2010
Listed
Dec 22, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011