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El Futuro 1 & 4 Group
In this Group: Gladis, Marcia, Francisca, Altagracia, Marie, Tomasina, Maria, Zobeida, Gela, Cecilia
Gladis is coordinator of the “El Futuro 1 y 4” group. Her family is composed of two children and her husband. Her group is located in a rural zone in the outskirts of the touristy city of La Romana. Her community is a sugar cane growing area where the main activity is growing and cutting sugar cane. The members carry out a variety of activities like the sale of clothes, cosmetics and shoes; beauty salon, grocery store among others.

Gladis is very excited about receiving her fourth loan from Esperanza Internacional having paid her installments punctually and invested her loans and profits in her business. Gladis has managed to stabilize herself and set up her “colmado” which is a small grocery store where her neighbors come by to purchase basic need items for their families’ daily meals. She will use the loan to buy a sack of rice, beans, oil, canned goods and sugar, among others. She will reinvest in her store and help her husband with the generated benefits.
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Gladis es la coordinadora del Grupo El Futuro 1 y 4. Su familia está compuesta por 2 hijos y su esposo. Su grupo se encuentra ubiC. en una zona rural de las afueras de La ciudad turística de la Romana, su comunidad es un batey cuya actividad principal es la siembra y corte de caña de azúcar. Los miembros se dedicar a la venta de diferentes artículos como: Ropas, cosméticos, calzados, salones de belleza, tienda de comestibles, entre otros.

Gladis está muy emocionada de recibir su cuarto préstamo en Esperanza Internacional, luego de haber pagado sus cuotas puntuales y haber invertido sus préstamos y ganancias en su negocio, Gladis ha logrado estabilizarse, y establecer su Colmado, el cual es una pequeña tienda de comestible, donde sus vecinos asisten para comprar los productos de primera necesidad para sus comidas diarias; invertirá este prestamos en la compra de: un saco de arroz, habichuelas, aceite, productos enlatados, azúcar, entre otros. Reinventara en su negocio y ayudará a su esposo con los beneficios generados

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
  • $7,927,450
    Funds lent in using Kiva
  • 38.2
    Dominican Republic Pesos (DOP) = $1 USD