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Sendero De Luz 1 Group
In this Group: Ignacia, Johanna, Maria, Olga, Maria
Ignacia is one of the members of the Sendero de luz (Trail of Light) Group 1, located in the city of Hato Mayor, a primarily agricultural region. It is one of the most rural cities in the Dominican Republic. Her business is used clothes sales. Ignacia lives with her long-term partner, and she doesn't have children. She tells us that her biggest challenge is to have a successful business.

Ignacia is very excited to receive her second loan through Esperanza Internacional, after having successfully repaid her previous loan. This was a step toward making her business grow. She has had her business for about three years. She started it with her own savings, selling pieces of used clothes in good condition. She used to go to the flea market and chose good pieces, then she sold them to clients; now she buys bags of clothes.

Ignacia plans to use this new loan to increase the quantity of her inventory. She plans to use her earnings to invest in her house. Her dream is to build her house. She 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

  • $7,611
    Average annual income
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 40.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sendero De Luz 1 Group's $1,825 loan helped a member to buy bags of clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013