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El Progreso (The Progress) Group 4
In this Group: Marcia, Maria, Sarah, Felicia, Leonel
Marcia is the proud mother of four children, ages 5, 15, 18 and 20. She owns a business raising and selling cows. Esperanza has given Marcia five loans already and she has successfully paid back all of them. She is a very hard worker and her business continues to do well. With this next loan, Marcia hopes to continue progressing. She dreams that she can provide a good education for her children. She wants them to go to college and become professionals so that their lives will be even better than hers.


Note: This is a group loan for 5 people. In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 34.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso (The Progress) Group 4's $1,450 loan helped a member to grow her business and support her four children.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 20, 2008
Listed
Jul 1, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2009