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Mi Dios Todo Lo Puede 1, 2, 3 & 4 Group
In this Group: Fabiola, Feliciano*, Silmena, Leyner, Geta, Clara, Lurden, Vita, Rosita, Yoselin, Marileny, Rosalia, Evena, Maria, Idalma*, Altagracia, Marileni, Ingri*, Kenia, Martina*
* not pictured
Fabiola is one of the members of the group called Mi Dios Todo Lo Puede (God can do anything). They are twenty micro-business entrepreuners from San Pedro de Macoris, from a batey (a company town) surrounded by sugarcane fields where they live and work for their families. They are selling clothes, miscellaneous products, shoes, groceries, food, etc.

Fabiola lives in a simple home with her family which is comprised of three members: her two children and herself. She started with Esperanza International because she needed capital to reinvest in a business. She is very excited to be receiving her second loan from Esperanza International after having successfully paid off her previous loans and having taken steps to grow her business. She has had her business for around five years.

Fabiola is planning to invest her new loan in purchasing charcoal to sell in her community. She will also buy miscellaneous products like cosmetics and others things. She will run two different business activities -- miscellaneous product sales and charcoal sales. She said her most difficult challenge was to start 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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 42.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Dios Todo Lo Puede 1, 2, 3 & 4 Group's $3,950 loan helped a member to buy charcoal to resell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 6, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014