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Soñadores Con Proposito 3, 6 & 7 Group
In this Group: Margarita, Alexandre, Crimena, Yislena, Leonida, Rosa, Seta, Inosbel, Esperanza, Ermita, Jacquelin, Rosa, Maguila, Leromene, Miguelina
Margarita is the coordinator of her group "Soñadores con Proposito" (Dreamer with a purpose) 3, 6 & 7. This group is located in the city of El Seybo, one of the most agricultural and rural cities in the Dominican Republic. The borrowers run their businesses in the communities near the city. They sell clothes, shoes, grocery store items and others.

Margarita makes her home here in a simple house with her long-term partner and four children. She is running a clothing store where she sells all kinds of men's and women's clothes. She will use this loan to increase her inventory. She is excited to be taking out her 10th loan with Esperanza after having successfully repaid her previous loan and expanded her business.

This Esperanza associate began with us because she needed capital to invest in her business. After some loans, Margarita's business has been improving with every investment, and she uses the profits to reinvest in her business and to save. 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

  • $7,611
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 38.0
    Dominican Republic Pesos (DOP) = $1 USD