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Caminando Hacie El Futuro 1 & 7 Group
In this Group: Maria, Leocadia, Juana, Matania, Persia, Italiane, Germania, Viergelie*, Yajaira, Gertrudis
* not pictured
Maria is one of the members of the group Caminando Hacie el Futuro (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. She makes her home in a simple structure with her long-term partner and a child. For the past four and a half 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 fourth 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. Maria thanks you all 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
  • $7,840,950
    Funds lent in using Kiva
  • 40.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Caminando Hacie El Futuro 1 & 7 Group's $4,725 loan helped a member to buy hair and beauty products, cosmetics, and other supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013