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El Sol Sale Para Todos 4 & 6 Group
In this Group: Lucia, Beniurka, Luz, Noes, Alida, Marianela, Estefani, Eudocia, Garvir, Flor
Lucia is the coordinator of her group, El Sol Sale Para Todos 4 & 6. She makes her home in a simple structure with her long-term partner. She says that her most difficult challenge right now is improving her business. In the meantime she plans to continue enjoying to do business by selling clothes, shoes, cosmetics and other items.

Lucia is excited to be taking out her first loan with Esperanza. She has had her business for more than four years, starting her business with some savings. She plans to use this loan to invest in her business by buying all kind of products, from cosmetics to clothing. She will use the profits to invest in her business. She wants to have a successful business.

This Esperanza associate began working with this group because she was interested in investing in her business and she needed capital to improve her inventory. Lucia's story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti) generally. Her group is located in the rural areas surrounding Hato Mayor, an area where the economy is dominated by agriculture. This area, like nearly all impoverished areas of the Dominican Republic suffers from unreliable running water (none of which is potable) and a lack of electricity.

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
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Sol Sale Para Todos 4 & 6 Group's $2,125 loan helped a member to buy shoes, clothing, jewelry and cosmetic products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2011
Listed
Mar 24, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011