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La Buena Vecina 1 Group
In this Group: Andrea, Yanibel, Alejandra, Leidy, Apolinar
Andrea is one of the members of the group La Buena Vecina, made up of five micro-business owners. They all work selling clothes, natural products, shoes, food, etc. This is Andrea's ninth loan from Esperanza International, after having paid off her previous loan satisfactorily and taken a step towards business growth. She has had her beauty salon business for around five years. She started the business with her own resources.

Andrea is planning to invest her new loan towards purchasing hair and beauty products, a hair dryer and other beauty salon supplies. She is going to use her earnings to continue saving and increasing her inventory. She is dreaming of having a large beauty salon with all services and an improved business in order to provide her children a better and safer life.

Andrea is a single mother with two children. She tells us that her most difficult challenge has been to raise her children alone. She loves to watch television and to be with her children.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 43.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Buena Vecina 1 Group's $3,625 loan helped a member to buy hair and beauty products, a hair dryer, etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2014
Listed
Feb 5, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014