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Shalom Group
In this Group: Amelia, Santa, Dominga, Margarita, Juana
Amelia C., mother of three and leader of the Bank of Hope Shalom, lives in Hato Mayor and works with fabric. She hopes this loan will help her grow her business and be able to upgrade locations where she would be able to manufacture and hire workers to help her.



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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

  • $9,700
    Average annual income
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 35.4
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Shalom Group's $1,400 loan helped a member supplies and fabric for business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2009
Listed
Jan 24, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009