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Carmen is a hard-working and untiring entrepreneur who strives to provide food and education for nine children. She sells women’s clothing in the Yacot community of Santo Domingo. The entrepreneur explains that her children’s education is very important for her future, and that she’d do anything to support them so that they can lift themselves up out of poverty.

Carmen is requesting a loan (actually the second one she’ll take from FSMA) to purchase clothing in bulk to continue her business activity and increase her income. The entrepreneur will do her best to improve her family’s lifestyle.

About Dominican Republic

  • $9,700
    Average annual income
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,560,850
    Funds lent in using Kiva
  • 34.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Carmen to buy clothing in bulk to retail in her community.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 16, 2008
Apr 1, 2008
Currency Exchange Loss:
Oct 18, 2008