Check out some available loans that are similar to this one!
El Guano 2, 3 & 4 Group
In this Group: Margarita, Miguel, Johana, Heleine, Maritza, Luis*, Ramona, Marie, Maria, Yenifer, Cristina, Faustina, Modesta, Agustine, Mildre
* not pictured
Margarita is the coordinator of the El Guano 2, 3 & 4 group, in honor of their community name. This group is comprised of 15 micro-entrepreneurs located in the city of San Pedro de Macoris. Here, she makes her home in a simple structure with her long-term partner and their four children.

Margarita is excited to be taking her sixth loan with Esperanza International Dominican Republic. This is after having successfully repaid her previous loans and grown her business. This businesswoman runs a fried food stall where she sells fried chicken, beef, pork, fried dough, and plantains. This is a popular business in the Dominican Republic, especially for breakfast and dinner. She plans to use this loan to invest in her business by purchasing meat, flour, cooking oil, butter, and other goods.

Margarita said that her most difficult challenge has been raising and educating her children. She is helping her long term partner to provide as much as they can to their family. She will use the profits to reinvest and to save for any needs in her family. 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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 43.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Guano 2, 3 & 4 Group's $3,625 loan helped a member to buy meat, flour, cooking oil, and butter.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2014
Listed
Feb 5, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2014