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Los Buenmozos Group
In this Group: Maria, Senat, Maria, Estanlin, Maria , Bethanie, Julia*, Arestil, Adeline, Magarette
* not pictured
Maria is one of the members of the Group Los Buenmozos 1 & 3 (Hope), located in the city of San Pedro de Macoris, where the primary economic activities are commerce, industrial cement plants, and household and cosmetic products. Maria sells all kind of fruit, vegetables, green beans, meat, and charcoal, in a stall next to her house. After three loans with Esperanza, she has been able to have enough inventory to supply her neighbors requests, investing in her business has given her the opportunity to have a growing business.

With this new loan, she is planning to invest in more fruit, vegetables, rice, beans, meat, etc. She is looking to add more products, because she wants to attract more customers and in the near future to run a grocery store. She tells us that her challenge is to live alone with one of her children; the others are already living with their own families.

Maria plans to have a grocery store; that why she is reinvesting and saving her profits to make this dreams come truth. She thanks all of you 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

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,150,000
    Funds lent in using Kiva
  • 38.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Buenmozos Group's $3,425 loan helped a member to buy vegetables, fruit, rice, beans, and meat.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012