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Unidad Y Progreso 1 Y 2 Group
In this Group: Javier, Margarita, Ynocencia, Maria, Felicia, Demetrio, Maria, Agape*, Maria, Carmelina
* not pictured
Javier is the coordinator of his group, Unidad y Progreso (Unity and Progress) 1 & 2. His group is located in a rural area of Santiago. Javier makes his home there in a simple structure with his long-term partner. For the past two years, he has sold silver jewelry. Javier says that his dream is to have a successful business, and thanks to his loan and the profits he is savings, he will plan to accomplish his dream shortly.

Javier is requesting his first loan with Esperanza to buy jewelry for men and women made from silver, stainless steel, and other materials. He will use the future profits from his loan to reinvest in his business and increase his sales and inventory. Javier 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.

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About Dominican Republic

  • $7,611
    Average annual income
  • 0
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    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 43.3
    Dominican Republic Pesos (DOP) = $1 USD