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Unidas Venceremos Group
In this Group: Clara, Juan, Ambrocio, Teofilo, Alejandra
Clara lives with her two children (ages: 20 and 18) in the small town of Samana. This will be her 5th loan with Esperanza, and with this money she has opened her own store selling clothes and jewelry. She wants to use this next loan to buy more chains, earrings, rings, pants, shirts, and blouses in order to continue expanding her small shop. Clara told us that her favorite foods are rice and beans and her favorite pastime is playing dominos with her friends. Her goal for the future is to continue saving money through Esperanza’s voluntary savings program.

On behalf of these 5 entrepreneurs and Esperanza, we would like to thank you for your encouragement and support! We can watch together as this loan changes these entrepreneurs over the next six months. God Bless!

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
  • $8,439,900
    Funds lent in using Kiva
  • 33.9
    Dominican Republic Pesos (DOP) = $1 USD