Check out some available loans that are similar to this one!
Fe Y Accion 1 Group
In this Group: Paula, Carmen, Mary, Cristina, Margarita
Margarita is a member of the group Fe y Accion 1 (Faith and Action). The members of this group, like many others, run their businesses by walking through the community and selling from home. Most of them are selling clothes, shoes, and jewelry, while others run beauty salons, grocery stores, etc.

Margarita makes her home in a simple structure with her husband. They live in the rural area surrounding Hato Mayor, an agricultural area. Margarita operates a Fantasia, a small business where she sells miscellaneous products. She has been in business for over seven years, starting with some savings she had. While she says that her most important challenge is developing her business, she continues to enjoy it. She is excited to be taking her ninth loan with Esperanza after having successfully repaid her previous loans and grown her business. She plans to use her loan to invest in cosmetics, shoes, women accessories, underwear, clothes, etc., to sell.

She will use the profits to reinvest in her business. Margarita is very happy for your support and she wants to thank you in her group’s name and her own!!!

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

  • $9,700
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 42.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe Y Accion 1 Group's $3,800 loan helped a member to buy cosmetics, shoes, women's accessories, underwear, clothes, etc., to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 16, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014