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Creciendo Para El Futuro 4, 5 & 6 Group
In this Group: Juana, Meregilda, Santa, Arleny, Rafael, Alicia, Mayra, Catalina, Yocasty*, Luz, Criseida, Yanaida*, Titon, Heidy, Epifanio
* not pictured
Juana is the coordinator of her group, "Creciendo Para el Futuro 4, 5 & 6" ("Growing for the Future"). Her group is located in Samana, a lush and rugged peninsula with a new and still undeveloped tourism industry. She is a single mother with 4 children. Juana wants to establish her business by building a local shop. Having repaid her previous loans, and because her business has grown, Juana is excited to be taking her 9th loan with Esperanza. She has had her retail clothing and shoe sales business for around five years.

Juana plans to use this loan to invest in her business by buying many dozens of each product in order to sell them to her clients in her community. She will use the additional profits to save, to supply some of the needs of her children, and for her home. Juana dreams of becoming professional and having a successful business. This Esperanza associate began with us to access loans for her business. 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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 41.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Creciendo Para El Futuro 4, 5 & 6 Group's $4,225 loan helped a member to buy clothes, shoes, cosmetics, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013