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Desarrollo Comunitario Group
In this Group: Teresa, Lucecita, Elizabeth, Teodoro, Ana, Dermira, Maria, Ramona, Melania, Antonia, Apolonia, Alberto, Bacilia, Justina, Margarita
Teresa is a very intelligent and hard-working woman who lives in the town of Samana with her three children, ages five, 14, and 15. She sells fried and baked bread outsiD. of her house, and hopes to expand her business. With this loan she plans to buy flour, coconut, and sugar, which she uses to make sweet bread. In her free time she attends church and spends time with her friends. She looks forward to being able to create a better future for herself and her family, and thanks 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

  • $7,611
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 34.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Desarrollo Comunitario Group's $4,025 loan helped a member to purchase flour, coconut, and sugar to make bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 23, 2008
Listed
Jun 2, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009