Check out some available loans that are similar to this one!
Fuente De Vida 1 & 2 Group
In this Group: Maria, Silbina, Tagui, Estela, Emilia, Maria, Natividad, Leonidas, Marleni, Modesta
Maria is one of the member's group called Fuente de Vida (Source of Life), which is located in the rural outskirts of La Romana. She lives in a 'batey,' a community set up for workers who cut sugarcane in the blistering Dominican sun. This village was built for the sugarcane workers and their families.
Despite the remoteness of these communities, Maria says she is happy to be able to live with her husband and two children of the 5 they have, in their small home.

Maria is excited to take her third loan with Esperanza after having 2 years running this business. She started cooking and selling a dish called 'Pico y Pala', stir-fry using all of the chicken except for the breasts, wings and thighs. Now she has a fried food stall, where she sells different meats, plantain, fried round dough, and many other fried foods,. With this loan Maria is planning to buy all of the ingredients and she also she wants to start selling french fries. Her most difficult challenge is to have her own house. She like to listen music, and her dreams are to have her own house and to expand her fried food stall into a restaurant. She thanks you all for your support.

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
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fuente De Vida 1 & 2 Group's $3,425 loan helped a member to buy chicken, plantain, oil, plates, potatoes, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011