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Restauracion 1 Group
In this Group: Santa, Yesenia, Maria, Olga, Mercedes
Santa is the coordinator of her group Restauracion (Restoration) 1. This group is located in Hato Mayor, a rural town where the economy is based around agriculture. She makes her home here in a simple structure with her long-term partner and their three children. Santa is excited to be taking her thirteenth loan with Esperanza after having successfully repaid her previous loans. She runs a business selling cosmetics.

Santa started her business with the first loan she received from Esperanza. She is planning to invest her new loan in the purchase of cosmetics from different brands. She tells us that her most difficult challenge has been to establish a sustainable business. She will use the profits to save for her long-term dream of owning her own salon. 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
  • $8,088,925
    Funds lent in using Kiva
  • 38.3
    Dominican Republic Pesos (DOP) = $1 USD
Expired
A portion of Restauracion 1 Group's $2,775 loan helped a member to buy cosmetic products to sell.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
May 11, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 10, 2012