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La Paz 1, 2 & 3 Group
In this Group: Maria, Santa, Martina, Juana, Josefina, Serafina, Ysauri, Ysabel, Maura, Catalina, Candelaria, Confesora, Vicenta, Rosalia, Juliana
Maria is the coordinator of the La Paz (Peace) 1, 2 & 3 group, which is located in the area surrounding Samana, where these 15 borrowers sell their products. All of the group members are dedicated to doing business around their community and other villages, selling clothes, shoes, cosmetics, underwear, and many other products.

Maria is excited to be taking her third loan with Esperanza. She is starting to invest in her beauty salon by purchasing beauty and hair products and a hair dryer. Maria started her business after studying to be a beautician. She saved up the wages she earned in a salon where she was working until she made enough money to have her own salon. Maria will use her profits to reinvest in her business.

Maria is a married woman with three children. She enjoys being with her family and serving her clients. 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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 38.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Paz 1, 2 & 3 Group's $3,550 loan helped a member to buy hair products and a dryer.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Jan 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012