Check out some available loans that are similar to this one!
Nuevo Progreso 3 & 4 Group
In this Group: Robertina, Priseida, Norma, Carmen, Pura, Yuderqui, Ramona, Wendy, Joany, Jose
Robertina is the coordinator of her group, Nuevo Progreso (New Progress) 3 & 4, and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the Dominican Republic from Haiti).
Robertina’s group is located in the lush, rugged Samana peninsuL., an area with a nascent tourism industry. Robertina makes her home here in a simple structure with her only child. Her group is composed of ten business people, dedicated to different businesses such as selling clothes, shoes, cosmetics and running grocery stores, beauty salons, etc.
Robertina runs a small cafeteria, which sells all kind of snacks. She is excited to be taking her tenth loan with Kiva partner, Esperanza, after having successfully repaid her previous loan and grown her business. She started to do business five years ago, when she took her first loan with Esperanza. She plans to use this loan to invest in her business by buying sweets, snack, juices, etc.
Robertina will use the profits to invest in new items and increase her inventory. 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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 38.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Progreso 3 & 4 Group's $2,750 loan helped a member to buy sweets, snacks, juices, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 1, 2011
Listed
Sep 19, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012