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Unidos Para Vencer 2 & 3 Group
In this Group: Zoraida, Carolina, Victoria, Clementina, Maritza, Eltha, Delia, Louis, Marie, Maria
Zoraida is the coordinator of her group, Unidos para Vencer 2 & 3 (Unite to Win Group). She makes her home here in a simple structure with her long-term partner and two children. She enjoys doing beauty work, and that why she operates a nail center. After she studied and learned how to work with nails and specially artificial ones, to do manicures, pedicures, put on artificial nails, paint them into different designs, etc., she was moved to have her own business.

Zoraida is excited to be taking her first loan with Esperanza. She started her business after she finished studying, and with the products she bought to learn on, she started her business, about a year ago. She had to stop and will start again with this loan. She will invest the loan to buy acrylic nails, brushes and enamels. She will use the profits to reinvest in her business, because she wants to improve it and recover the time she lost, when she stopped it. She is dreaming of having a successful beauty salon, and she will start buying the equipment, as soon as she can get more incoming funds. She says that her most important challenge is to raise her children and her favorite thing to do is the housework.

Her group is located in the urban slums surrounding Santo Domingo. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water. None of the water 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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 38.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidos Para Vencer 2 & 3 Group's $2,350 loan helped a member to buy supplies for her artificial nail center.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2011