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Mata De Palma En Desarrollo 1 & 2 Group
In this Group: Nieve, Eric, Maria, Santa, Antonia, Margarita, Felipe, Dominga, Martha, Maria
Nieve is the coordinator of the group "Mata de Palma en Desarrollo" group 1 & 2, (Palm tree in development) named like this because this is the community where the group is located in Hato Mayor city, in the eastern part of the country. The group includes 10 micro-business people who sell clothes, natural products, shoes, food, etc.

Nieve's family includes herself, her long-term partner and her eight children. Nieve is very excited to receive her 13th loan with Esperanza Internacional after having duly repaid her previous loan and taken steps to grow her business. She has had her business for about eight years. She started it when she took her first loan.

Nieve plans to invest her new loan in her business. She sells new clothes and miscellaneous products, but she will use this loan to buy medicine and veterinary instruments. She is a veterinarian. She will use her business profits to expand her business. She thanks you 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
  • $7,981,250
    Funds lent in using Kiva
  • 38.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mata De Palma En Desarrollo 1 & 2 Group's $3,575 loan helped a member to buy medicine and veterinary instruments.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012