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Union Y Desarrollo 2 Group
In this Group: Maritza, Alicia, Juanita, Yafreysi, Ana
Maritza is one of the members of the Union y Desarrollo 2 (Unite and Development) group located in the town of Hato Mayor whose economy depends on farming. It is one of the most rural towns in the Dominican Republic. She lives with her five children and her long-term partner. She enjoys being with her family, taking care of her children and attending to their needs.

Maritza has been selling clothes for around five years. She started her business with her own saving. She is receiving her second loan from Esperanza Internacional after having paid off her previous loan satisfactorily and thereby having taken a step towards the growth of her business. She is planning to invest her new loan in the purchase of different types of clothes, for women, men and kids. Martiza plans to use her profits to save and invest in her business.

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
  • $8,245,750
    Funds lent in using Kiva
  • 39.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Y Desarrollo 2 Group's $1,350 loan helped a member to buy clothes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012