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Hacia Adelante Group
In this Group: Antonia, Juana, Nereyda, Maritza, Bienvenida, Luis, Eladia, Milanda, Faustina, Rosaria
Antonia M. belongs to the Hacia Adelante Bank of Hope and lives in a small community on the outskirts of San Pedro de MacorĂ­s. She lives in small home with her husband and five children, whose ages range from 6 to 16 years of age.

Antonia has a small 'fritura' business where she offers a variety of fried foods to her community. This most often includes fried plantain chips, fried pork, and other fried meats or starchy vegetables. She used her loan to buy a bigger variety of food to cook and to also buy her cooking oil in bulk to reduce costs.

Her dream is to have her own large food business where she owns her own location and building to sell it from. As she works towards that dream, she has created a goal to simply maintain a steady flow of business, to make sure that things are stable in her house, and to slowly grow her business.

Antonia and her story represent the Hacia Adelante Bank of Hope; she belongs to a group of 10 men and women who work hard to improve their lives through the help of their small loans. Each of these men and women has taken out a similar loan to that of Antonia's. On behalf of all of them, and our team here at Esperanza, thank 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

  • $9,700
    Average annual income
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 34.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Hacia Adelante Group's $1,700 loan helped a member to invest in more merchandise such as vegetables and meats to fry and sell to her community members.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 16, 2008
Listed
Sep 1, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009