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Shalom 2 Group
In this Group: Lucia, Maura, Bienvenido, Epifania, Beatriz

Update on Shalom 2 Group

Lucia is the coordinator of the group "Shalom 2," named like this in honor to the biblical word. This group is located in Hato Mayor city, in the eastern part of the country. The group includes five micro-business people who sell clothes, natural products, shoes, food, etc.

Lucia's family includes herself, her long-term partner and two children from the six they have. She is very excited to receive her 11th loan with Esperanza Internacional after having duly repaid her previous loan and taken steps to grow her business. She has had her business for about five years. She started it when she took her first loan.

Lucia plans to invest her new loan in her business. She is running a cafeteria, where she sells sandwiches, juice and other snack food. She will invest this loan to purchase goods for sandwiches, hot dogs, natural juices, fried food and other snack food. She will use her business profits to expand her business. She thanks you for your support.

Previous Loan Details

Lucia is the coordinator of the group "Shalom 2" named like this in honor to the biblical word. This group is located in Hato Mayor city, in the eastern part of the country. The group includes 5 micro-business people who sell clothes, natural products, shoes, food, etc. Lucia's family includes h... More from Shalom 2 Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $7,918,800
    Funds lent in using Kiva
  • 40.4
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Shalom 2 Group's $3,225 loan helped a member to buy meat, ham, cheese, bread, salad, fruit, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Dec 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Shalom 2 Group. It was first posted on Kiva on Feb, 2012. Learn More