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La Nueva Union 1, 2 & 3 Group
In this Group: Bianca, Maria, Schnadine, Marisol, Violeta, Flor , Ruth, Oselina, Maribel, Maria, Yajaira*, Criscel, Kirsy, Maria, Yulay
* not pictured
Bianca is a member of her group, La Nueva Union 1 & 2 (the New Union). Her group is based in the area surrounding La Romana, where the economy is based on the sugar cane industry and where there is little access to running water (none of which is potable) or stable electricity. Bianca makes her home with her two children and long-term partner, she is a young woman just 19 years old.

Bianca is excited to receive her first loan in Esperanza international, She was invited to be part of this loan by her neighbors, because she has a business. Bianca resells shoes after she buys them from a catalog; this brand of shoes is very popular in the Dominican Republic. Her clients used to order from the catalog, but Bianca also buys every month different shoes and sizes, and sells them by walking or promoting them to her clients.

She hopes with this loan to make her dreams come true, to have a successful business and a good house. She thanks you all 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
  • 14
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 37.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Union 1, 2 & 3 Group's $3,475 loan helped a member to buy shoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2011
Listed
Sep 11, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012