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Ejemplo A Seguir 5 Group
In this Group: Carmen, Liliana, Melissa, Jemy, Lourdes
Carmen is the coordinator of her group, Ejemplo a Seguir ("Example to follow") 5. Her group is located in the urban slums surrounding Santiago, an area known for its tobacco production, where running water (none of which is potable) and electricity are unreliable.

Carmen makes her home here in a simple structure with her long-term partner. She plans to use this loan to invest in her business which is a bookstore. She will use this loan to increase her business inventory buying books, notebooks, colored pencils and other items. She will use the profit to reinvest in her business. Carmen is excited to be taking her third loan with Esperanza after having successfully repaid a previous loan and grown 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.

Tags

About Dominican Republic

  • $7,611
    Average annual income
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 42.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Ejemplo A Seguir 5 Group's $1,950 loan helped a member to buy books, notebooks, pencils, pens, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014