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Rayo De Luz 1 & 2 Group
In this Group: Ana, Natividad, Elilet, Yadhira, Yessica, Francisca, Criseida, Santa, Mercedes, Gumercinda, Yeni
Ana is the coordinator of her group "Rayo de Luz" (Ray of Light) 1 & 2. This group is located in the rural areas surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy. The group members are dedicated to selling cloth, food, shoes and many other miscellaneous products, in their batey community (generally made up of poor, migrant workers) and others nearby.

Ana has had her business for approximately 6 years, starting with some savings she had. She plans to use this loan to invest in her cafeteria, where she sells natural juices, soda, sandwiches and some snacks. With this loan, she will invest in her business by increasing her inventory.

She lives in a simple structure with her four children and her husband. She says her most difficult challenge has been to improve her business and introduce other products and services. She also added that Thanks to the Lord and these loans she has been able to increase her economic activities. One of her favorite things to do is work. Ana is excited about her fifth loan with Esperanza. She will use the profits to improve her business. Ana thanks all of 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

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 39.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Rayo De Luz 1 & 2 Group's $3,975 loan helped a member to buy groceries and other goods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013