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Creciendo En Fe Bank Of Hope Group
In this Group: Maria, Genova, Bernarda, Eusebia, Cristina, Ines, Amanda, Cesarina, Ilcia, Cruz, Felicia, Dilenny, Yinabeth, Nery, Hanser
Maria owns a small pharmacy. She will use her entire loan to buy medicines to restock her inventory. The medicines in greatest demand at her pharmacy are parasite medicines, multivitamins, medications for high blood pressure, cold medicines, acetaminophen and ampicillin. This is her second loan and she has seen a difference from the time she didn't have loans until now. She finds her business better equipped now. She wants to move her pharmacy to a more spacious location with a better view and with better exposure. She would like to have glass panes in the front of her store so people can see her pharmacy (and herself!) from the outside.


Ines sells ice cream. Her best-selling flavors are cream, apple, grape and raspberry. She also sells juice and snacks in a small cafeteria. Her next project is to hire two or three street vendors to sell her ice cream around the nearby areas.


Felicia is taking her very first loan. She does her business on foot as she doesn't have a space to sell her clothes. She would like to rent a space to set up a store. With this loan she will buy one big bundle with varied clothing types. ''Let's see how it goes,'' she says with a hopeful laugh.


In all, this Bank of Hope has fifteen members--three groups of five. They live in Guaricanos, a large slum located on the northern outskirts of Santo Domingo, Dominican Republic's capital city. There are three group coordinators in this Bank; one per five members. They are Maria P., Ines M. and Felicia A..

We would like to thank you for supporting this Bank of Hope.

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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Creciendo En Fe Bank Of Hope Group's $3,625 loan helped a member to buy medicines for a pharmacy.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009