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Colaboradores Group
In this Group: Maely, Fragrancia, Anexil, Marie, Dieucibon, Rosite, Francisco, Joceline, Santos
Maely C. is the group coordinator for the Colaboradores Bank of Hope in San Pedro de Macoris. The loan amount will be shared among the nine members of the group, who run various businesses.

Maely has six children. She runs a catering business and needs to replenish her supplies to keep serving meals. She hopes to keep running her own business and to provide for her family.

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.

About Dominican Republic

  • $7,611
    Average annual income
  • 5
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 35.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Colaboradores Group's $2,700 loan helped a member purchase supplies for catering business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2009
Listed
Jan 23, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009