Check out some available loans that are similar to this one!
Luchando Contra La Pobreza 1 & 2 Group
In this Group: Luisa R., Paulino, Fifa, Sandra, Yudelka, Severina, Arlin, Angela, Angela, Luisa
This group is named Luchando contra la pobreza (Fighting Against Poverty) and is located on a rural hill of Puerto Plata. Businesses in this group are: a small salon, vegetable selling, grocery store, and others sell clothing and miscellaneous products.

Lucia R., the group leader, is a middle-aged woman who came to Esperanza in search of a loan two and a half years ago, and invested it in a small “colmadito” (grocery store) that sells staple foods and groceries. Now Lucia R. is excited to receive her sixth loan, which she will use as capital to buy enough inventory for her store. The money from this loan will go towards purchasing cooking oil, rice, sugar, and crackers.

Lucia R. said that she hopes to continue to grow her business so that she will be able to help support her two grown children (25 and 27) in their college. When she is not working, Lucia enjoys attending her local church several times a week.

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

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 37.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luchando Contra La Pobreza 1 & 2 Group's $2,550 loan helped a member to buy cooking oil, rice, sugar, and crackers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2011
Listed
Apr 16, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2011