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Eden 1 & 3 Group
In this Group: Ana, Ercilia, Atanairis, Mencia, Mercedes, Natividad, Martha, Damasa, Dinora, Dulce
This group of 10 entrepreneurs from Hato Mayor (northeastern Dominican Republic) is made up of members who are at different stages. For some of these borrowers, this will be their 7th loan with Esperanza International. For some others, just the third. They all express gratitude for having access to a loan that represents an incentive for their businesses that many microentrepreneurs in their area do not have. This helps them keep their businesses going even during these hard times when sales have decreased about 50% for most of them.

Ana S. is one of the two group representatives. She has 2 children with a large age difference: the eldest is 12 and the youngest is just one year old. Ana sells silver jewelry, mostly at her house but sometimes she takes it with her to show to acquaintances that live in other towns. She would like to have her own jewelry store to avoid traveling with it, which can be dangerous if someone knows about the merchandise you sell. She also hopes to be able to return to school one day and have a house of her own for herself and her children. Please help us continue supporting these microentrepreneurs with this Kiva loan. Thank you!

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

  • $7,611
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,061,225
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD