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Unidos Para Progresar 3 & 4 Group
In this Group: Maria, Jordania, Ingrid, Alicia, Raquel, Santa, Germania, Miguelina, Guillermina, Altagracia
Maria is the group coordinator for Unidos Para Progresar 3 & 4. This group is located in the city of Hato Mayor. Her home is a compound for her three children. She lives with her children and her long-term partner. Maria has successfully completed five years of loans with Esperanza, and this is her ninth loan. She sells shoes, clothes and accessories, from her home and by walking around her community and other communities.

She would like to continue expanding her business by increasing her inventory, to access more customers and sell more products. She will use this loan to buy many pairs of shoes, sandals, sneakers, and other types of shoes, as well as clothes and women's accessories. Maria says she enjoys doing business, and her most important dream is to produce enough income to provide for all of her family's needs. She has been saving her profits since she started her business, almost five-and-a-half years ago, with her first Esperanza loan. 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

  • $7,611
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 42.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidos Para Progresar 3 & 4 Group's $6,575 loan helped a member to increase her inventory by buying shoes, clothing, accessories, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014