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Redes De Amor 1 Group
In this Group: Basilia, Elena, Juana, Lucas, Digna
Basilia is the coordinator of her group "Redes de Amor 1". Her group is located in the rural area surrounding El Seibo, an agricultural area. This group is composed of five women running different businesses like shoes, clothing, cosmetics, underwear and many other small businesses. Basilia plans to use this loan to invest in her business by purchasing jewelry (stainless, silver and gold).

Basilia is excited to be taking out her first loan with Esperanza, and she will uses this loan to increase her inventory. She will uses her profits to reinvest in her business. She makes her home here in a simple house with her long-time partner and their three children. She says that her most difficult challenge is to have a successful business. 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
  • 3
    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 Redes De Amor 1 Group's $2,825 loan helped a member to buy jewelry for resale.
54% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 19, 2014
Currency Exchange Loss:
Possible