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Shalom 2 Group
In this Group: Lucia, Maura, Bienbenido, Epifania, Beatriz
Lucia is the coordinator of the group "Shalom 2," named like this in honor to the biblical word. This group is located in Hato Mayor city, in the eastern part of the country. The group includes five micro-business people who sell clothes, natural products, shoes, food, etc. Lucia's family includes herself, her long-term partner, and two children from the six they have.

She is very excited to receive her 12th loan with Esperanza Internacional after having duly repaid her previous loan and taken steps to grow her business. She has had her business for about six years. She started it when she took her first loan. Lucia plans to invest her new loan in her business. She is running a cafeteria, where she sells sandwiches, juice and other snack foods. She will invest this loan to purchase goods for sandwiches, hot dogs, natural juices, fried foods, and other snack foods. She will use her business profits to expand her business. She thanks 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.

Tags

About Dominican Republic

  • $9,700
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 42.6
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Shalom 2 Group's $3,300 loan helped a member to purchase goods for sandwiches, hot dogs, natural juices, and other snack foods.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014