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Los Laureles 1 Group
In this Group: Pressina , Concepcion, Gypsie, Elena, Elucie
The group 1 from the "Los Laureles" Bank of Hope, a group of 5 entrepreneurs, live in Los Alcarrizos, on the northwestern outskirts of Santo Domingo, the capital city. Pressina H. is the group coordinator. She is divorced and has no children.



Pressina, like many of the group members and the people who live in her area, is a Haitian inmigrant. She barely has elementary school education. Pressina sells clothes as her micro-business. Some of the other group membersĀ“ businesses are food stands and small grocery/convenience stores. Pressina hopes that taking loans to expand her merchandise and be able to satisfy a larger clientele will allow her to be financially independent one day and live in better conditions. She also hopes her business reaches a point where she makes enough profits to help others in need.


Thank you for supporting these entrepreneurs!

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
  • 35.5
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Laureles 1 Group's $1,575 loan helped a member purchase a wider variety of clothes for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2009
Listed
Feb 16, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009