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La Unidad 3 & 4 Group
In this Group: Carolina, Emelin, Julia, Ana, Altagracia, Bania, Karen, Carolina, Maria, Isabel
Carolina is the coordinator of her group La Unidad (Unit) 3 & 4. This group is located in the rural area surrounding Hato Mayor, an agricultural town surrounded by mountains and nature. She makes her home here in a simple structure with her parents. She is a young, single woman. She is a stylist.

Carolina is excited to be taking her third loan with Kiva partner Esperanza after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her beauty salon by purchasing a large quantity of beauty products and some equipment like a hair dryer and other items. She will re-invest the profits in her business. She started doing her business after she worked in a beauty salon and then decided to have her own business. For her future, she is dreaming of improving her business and selling different products. She 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.

Tags

About Dominican Republic

  • $9,700
    Average annual income
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 41.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Unidad 3 & 4 Group's $5,250 loan helped a member to purchase beauty and hair products, a hair dryer, and other items for her salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014