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Activos De Santa Fe 1, 2, 3 & 5 Group
In this Group: Carmen, Ani, Maria, Felicinda, Zunilda, Melonie, Elena, Marcelle, Azilia, Marie, Neris, Herta, Maria, Asmena, Jenny, Vileta, Luis, Maria, Marie, Kenia
Carmen is excited to be taking her 8th loan with Esperanza International Dominican Republic after having successfully repaid her previous loan and has grown her business. Starting with her own savings, this businesswoman has been selling clothing for around twenty-six years. She plans to use this loan to invest in her business by purchasing clothes for women, men and children.

Carmen is the coordinator of her group, Activos de Santa Fe (Santa Fe's Active--Santa Fe is the name of their community) 1, 2, 3 & 5. This group comprises 20 micro-entrepreuners (women and men) located in the City of San Pedro de Macoris. She makes her home here in a simple structure with her husband, they have only one child. Carmen said her most difficult challenge was to educate her child and now she wants to guide her family to a better future. In the meanwhile, she enjoys watching television.

Carmen will use the profits to save and to finish building her house. 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
  • 5
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 43.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Activos De Santa Fe 1, 2, 3 & 5 Group's $6,400 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2014
Listed
Feb 27, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014