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Esperanza Y Progreso V Group
In this Group: Maria, Susana, Anacelie, Elida, Solange, Elena, Margarita, Estevina, Betanie
Maria B. is the group coordinator for the Esperanza y Progreso V Bank of Hope in San Pedro de Macoris. The requested loan will be distributed among the nine members of this group, who run various businesses.

Maria has seven children. Her business is selling fried foods. She would use her portion of the loan to purchase supplies. Her dream is to open her own restaurant where she would server her fried chicken and other dishes and in this way become self-sufficient. Thank you for supporting this group!

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
  • 35.1
    Dominican Republic Pesos (DOP) = $1 USD