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Plan De Lucha Group 2
In this Group: Mercedez, Ceferino, Lucia, Milagro, Teolinda
Plan D. Lucha consists of a group of entrepreneurs in the small town of Hato Mayor in the Dominican Republic who are seeking a micro loan. The members of this group have successfully completed four loans and are eager to continue to grow their businesses with another loan.

Mercedez is the leader of this group and runs a fruit stand. With this loan, she would like to buy more bananas so she can make more guineo, a popular local dish of fried green bananas.

Mercedez lives with her husband and four children aged 20, 17, 15, and 14. She says that her family has been blessed with good health and she would like to grow her business in order to continue providing a healthy life for her children.

Mercedez is an inspiring example of the opportunities that micro loans give the members of this community.

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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,583,700
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD