Check out some available loans that are similar to this one!
La Nueva Esperanza 4 Group
In this Group: Pascacio, Julianne, Ramona, Raimundo, Neisy
Pascacio (pictured above, on a bike) has a joyful personality. He is a young father of two who strives for success. He lives in Consuelo, an agricultural community of sugar cane farmers. In this particular community, the sugar cane plantation owners pay their daily workers in tickets. Those tickets can be later cashed in at the end of the month. Pascacio, learning from microfinance, plans to finance some of those tickets for people who cannot wait until the end of the month, and charge interest. With the profits, he hopes to one day open his own store and have his own truck.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Esperanza 4 Group's $950 loan helped a member to finance sugar cane tickets.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009