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Fuente Para El Desarrollo 1 Group
In this Group: Angela, Enma, Benjamin, Carianny, Valentina
AngeL. is a single mother who lives in the beautiful town of Samana with her three children. This area is a nascent tourist zone, surrounded by the Atlantic ocean and mountains, a river and natural breezes. AngeL. says her most important challenge is to proviD. for all the needs of her family, such as clothing, education, food, etc. She enjoys working and hopes to change her life with a prosperous and stable business.

AngeL. wants to expand her business with this loan, which is her second one. She operates a clothing sales business, and also she works at sewing clothes, and she wants to uses this loan to buy a sewing machine, some fabrics, sewing accessories, and clothing for men and women.

In the future, with her savings and profits, she is planning to have a business and to build a bathroom in her house.

Thanks for supporting this group of entrepreneurs!

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,150,000
    Funds lent in using Kiva
  • 38.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fuente Para El Desarrollo 1 Group's $1,725 loan helped a member to buy clothes and a sewing machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 26, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012