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Emmanuel 1 Group
In this Group: Claribel, Escolastica, Catalina, Maria, Ramona
Claribel is the coordinator of Emmanuel 1. She is a single woman who runs a business where she sells miscellaneous products like clothes, shoes, women accessories, and other products. She lives in one of the slum neighborhoods located in Los Alcarrizos, south of Santo Domingo. Claribel is very excited to receive her sixth loan with Esperanza International.

She has had her business for around three years. She started it with some savings and her first loan. She used a little bit of capital to buy miscellaneous products and started selling from her house and by walking around. After some years of doing business, Claribel is planning to use her new loan to purchase cosmetics, clothing, shoes, jewelry, clothing, and other products. She will use her business profits to continue investing in her business and to save for her future and plans. Claribel will achieve her dream of having a successful business and stable income to support 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
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 43.2
    Dominican Republic Pesos (DOP) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Emmanuel 1 Group's $4,200 loan helped a member to buy cosmetics, clothing, shoes, jewelry, etc. to sell.
91% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible