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Caminando Hacia Al Progreso 1 & 7 Group
In this Group: Leocadia, Eridania, Ingrid, Persia, Juana, Germania, Viergelie, Yajaira, Manuel, Gertrudis
Leocadia is one of the members of the group Caminando Hacia el Progreso (Walking to the Future) 1 & 7. This group is located in a rural community surrounded by sugarcane fields on the outskirts of San Pedro de Macoris, where the group's members sell various products like foods, clothes, shoes, etc.



Leocadia makes her home in a simple structure with her long-term partner and their three children. For the past five years she has operated a fruit and vegetable stall where, in addition to fruits and vegetables she sells meat, charcoal, etc. She started her business with her own savings.



Leocadia is excited to be a part of this loan, her 10th with Esperanza after having repaid her previous loan portions and grown her business. She plans to use this loan to invest in her business inventory by buying plantains, onions, cassava, bananas, oranges, chickens, coriander, greens products, etc.



Leocadia says that her most difficult challenges are improving her business and helping her family. 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.

About Dominican Republic

  • $9,700
    Average annual income
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 41.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Caminando Hacia Al Progreso 1 & 7 Group's $5,025 loan helped a member to buy vegetables, meat, fruits and other goods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013