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Dios Es Amor 3 Group
In this Group: Alerte , Rose, Ismena, Yolanda, Maribel
This group of five belonging to the Dios es Amor Bank of Hope is starting its entrepreneurship endeavor with this loan. They hope to make their business activities more established. In most cases, these women have been trading for some time but had no organization or business training. Thanks to the training they received before joining Esperanza International formally, they believe they will be able to approach their customers more effectively and administer their money better.


Alerte F. is the group's representative and she sells clothes. Pants and blouses are more in demand, so she will purchase more with this loan to meet her customers' needs.. She will also buy some accessories, that also have good sales because they cost less.


She hopes that slowly but steadily, her business will gain more structure and become a store where she can offer a wide variety of clothing and accessories to all ages.


Please help us support these entrepreneurs who are just starting. Thank you!

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
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,847,650
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Dios Es Amor 3 Group's $800 loan helped a member purchase clothing and accessories.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009