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Arcoiris Group 1
In this Group: Teofila, Ysabel, Marleny, Francisca, Amparo
Teofila P., pictured on the right, is the coordinator of her 5-member group. She resides in Carlo Alvares, a small town in the sector of Villa Mella, part of Santo Domingo Norte. She lives with her husband and four children: two girls ages 18 and 13, and two boys ages 9 and 6. The oldest girl currently studies tourism in college. Teofila works hard so all of her children can attend school. She currently operates a "san" business. This is a business where people order a product from her, and then pay her weekly or monthly. Once they have paid enough for the item, she buys it and delivers it to them.

Teofila plans to use this loan in order to stock up on the items with the greatest demand, such as pressure cookers, cooking wear, and sandals. By buying them before they have been ordered, she can purchase them in bulk at lower prices and proviD. faster service. As a result, she will be able to handle more customers investing in her "san," and increase her flow of income. With the increased income, she hopes to be able to afford a technology course for her 13-year-old and take beauty classes.

Some of Teofila's long term goals are to place all four of her children through college and to improve her current living situation.

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
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    Dominican Republic Loans Fundraising
  • $8,583,700
    Funds lent in using Kiva
  • 35.8
    Dominican Republic Pesos (DOP) = $1 USD