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La Solución 7 Group
In this Group: Juliana, Teresa, Urania, Ocalia, Ayde
Juliana A. Rosana (second from right) is an enthusiastic and excited to take out her very first microloan. The coordinator of this group of five women, Juliana is seeking this loan to support her business selling various products such as new clothing, bed sheets, skin cream and shampoo. Juliana has been selling various products for nearly eight years, and is seeking to expand the variety of products and solutions she can offer her customers.

Living with her husband and three children aged 18, 16 and 13, Juliana is seeking to supplement the family income with her work. Thus far, she has found business growth to be slow, and as a result her husband has been supporting the family. With this loan, Juliana is seeking to give her business a push in the direction of being more profitable with the sale of items which proviD. a higher profit margin.

For instance, Juliana has not been able to sell towels and bedsheets before, and with this loan will be able for the first time to offer these products, along with more expensive clothing. Any extra profits will go into further advancing her business. She hopes to soon move on to home appliances such as blenders which are more expensive but will yield more profit.

Thank you for this Kiva loan!

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
  • $8,560,850
    Funds lent in using Kiva
  • 35.8
    Dominican Republic Pesos (DOP) = $1 USD