Check out some available loans that are similar to this one!
Caminando Hacia El Progreso 1 & 7 Group
In this Group: Maria, Viergilie, Germania, Gertrudis, Yajaira, Matania, Persia, Italiane, Lecodia, Juana
Maria is one of the members of the group Caminando Hacia el Progreso (Walking to the Future) 1 & 7. This group is located in a rural community surrounded by sugarcane fields in the outskirts of San Pedro de Macoris. Maria will be sharing in a 174,500 DOP loan the group is applying for from Esperanza.

Maria makes her home in a simple structure with her long-term partner and a child. For the past four years she has operated a beauty salon where she serves her clients and sells different products. She started her salon with her own capital after saving for a while.

Maria is excited to be a part of this third loan with Esperanza after having successfully repaid her previous loan portions and grown her business. She plans to use her loan to invest in her salon by buying hair and beauty products, cosmetics and other beauty supplies.

Maria says that her most difficult challenges are improving her business and helping her family. Nevertheless, she plans to continue enjoying working in her salon.

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
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 38.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Caminando Hacia El Progreso 1 & 7 Group's $4,525 loan helped a member to buy hair and beauty products, cosmetics and other beauty supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 6, 2012
Jul 10, 2012
Currency Exchange Loss:
Dec 15, 2012