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Mata De Palma En Desarrollo 1,  2  & 4 Group
In this Group: Matilde, Santa, Dominga, Maria, Antonia, Julio, Maria, Eric, Valeria, Nieves, Agustina, Martha, Maria, Margarita, Felipe
MatilD. is the coordinator of her group Mata D. Palma, (Palm tree) named thus because the group is located in the city of Hato Mayor, in the eastern part of the country, a fairly mountainous region where the principal industry is agriculture. MatiilD. lives in a simple structure with her three children and husband. She says that her most difficult challenges are helping her children to achieve a good education and a safe living and having a successful cheese factory.



MatilD. has had her business for approximately seven years, maD. possible by her first loan from Esperanza. She is excited about her 13th loan, which she plans to invest in her business by purchasing milk, calcium, plastic bags, salt, coloring, etc. The loan will enable her to increase her cheese production and serve more customers. MatilD. sells the cheese she produces to families, grocery stores, cafeterias, etc. She will save her increased profits to make her dream of owning a successful cheese factory come true.



The other group members are dedicated to selling clothes, food, shoes, cosmetics and jewelry. MatilD. 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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 38.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mata De Palma En Desarrollo 1, 2 & 4 Group's $4,800 loan helped a member to buy milk, calcium, plastic bags, salt, coloring, etc. for her cheese production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012