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El Tesoro Group
In this Group: Negra, Angela, Marisol, Yajaira, Yaneris, Amelia, Yajaira, Ayda, Dina, Angela, Jaquelin, Bernadette*, Margarita, Luci*, Miguelina, Mercedes, Veronica, Indalecia*, Ramona*, Marisol, Dania, Maria, Maria*, Yesenia, Lidiana
* not pictured
Negra is the coordinator of this group, which is named El Tesoro (The Treasure). The group is located in one of the rural communities of San Pedro de Macoris that surround sugarcane fields, known as 'Bateyes.' Negra is a very hardworking woman who is dedicated to her business, which she conducts by walking; she sells miscellaneous products such as clothes, underwear, and cosmetics. She is also the mother of two children. She lives alone with her long-term partner because their children live separately in their own homes.

Negra is receiving her 7th loan from Esperanza International after having successfully repaid all her previous loans. She started her business with her first loan from Esperanza almost four years ago. She will use this loan to purchase clothes, underwear, and cosmetics for her business. She will reinvest her profits in her business because May and June are good months for sales. 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

  • $7,611
    Average annual income
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,847,650
    Funds lent in using Kiva
  • 39.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Tesoro Group's $5,250 loan helped a member to buy clothes, underwear, cosmetics, etc. for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012