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Elena's Group
In this Group: Elena, Yohana, Altagracia, Romelia, Enmanuela
Elena, a very responsible and budding entrepreneur, is the coordinator of a group of five women who live in the L. Gallera community of Santo Domingo. Elena is just twenty years old and a proud mother of two sons. She sells pants and blouses to women in her community. Biweekly, this entrepreneur travels outsiD. L. Gallera to other regions where she can get garments at very low prices.


Elena is asking for a loan to get clothing in bulk to add to her stock in order to augment her sales volume and, consequently, her revenue. That way, the entrepreneur will be able to ensure a better future for her family.


The other four member of Elena's group are:
Yohana F. C., to buy clothing in bulk for a small business;
Altagracia A. H., a tennis and shoes retailer;
Romelia S. V., to buy clothing in bulk;
EnmanueL. P., for a small cafeteria.


Photo: from left to right: EnmanueL., Romelia, Altagracia, Elena, Yohana

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 33.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Elena's Group's $1,250 loan helped a member funds will be invested to buy clothing in bulk for a small business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 22, 2008
Listed
Apr 28, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2008