Apostolico Group

Thank you for your loan. It has been disbursed to the Apostolico group, consisting of Amancia Eduardo, Monica Crispin, Miriam De Los Santos, Alexandra Fulgenio, Maria De La Rosa by Esperanza International, a partner of HOPE International in Dominican Republic. We are excited to watch this business grow. Over the next 6 months, Esperanza International, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Amancia and her fellow bank members, pictured outside of Amancia's home and also the site of their bi-weekly re-payment meetings, have successfully completed payments on their group loan. The re-payment process was not without problems as several bank members had trouble paying their bi-weekly quotas and regular attendance became a problem as many of the bank members live outside of the community and need to travel to attend meetings. However, the loan was completed in its entirety and the group learned from past problems and decided to take out another group loan from Esperanza International to continue to allow for business expansion and progress.

Today Amancia is on her fifth loan with Esperanza. Amancia declares that her business is doing well and she is able to sell her inventory easily. Amancia has been able to increase the amount at which she is able to borrow and in turn has allowed for purchases of additional inventory and greater returns.

Other members of Amancia's bank run their own entrepreneurial activities and during a break at their last bi-weekly meeting were eager to share about their business. One bank member is now on her fourth loan and sells shoes, accessories and clothing. Another member is one her third loan and sells pants and blouses for women. Two other members own a fried food stand and a "colmado", or small grocery stand.

Thank you for your support!