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Genesis Group 5
In this Group: Andres, Alura , Didita, Maria, Yili
Andres N. is the group coordinator for Genesis Group 5, which is based in the La Higuera settlement outside El Seybo, Dominican Republic.

Andres is 55 years old and married with four children, ages 25, 23, 21, and 16. His wife is also a client of Kiva and Esperanza and, together, they run a small general store out of their home selling men's and women's clothing, vegetables, chicken, and other provisions to their neighbors in the rural sugarcane community (called a batey) of La Higuera.

Today, Andres is looking to take out his 5th loan from Kiva and Esperanza so he can buy more clothing items, such as pants, shirts, and skirts, and food supplies for his retail store.

Andres' story is illustrative of his fellow group members' experiences with Kiva and Esperanza International. He reports that his life has improved considerably since becoming a microfinance client, and he hopes to sustain and grow his business in the future. Thank you for supporting Andres and the other members of Genesis Group 5 with your loan!

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
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 35.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Genesis Group 5's $600 loan helped a member to buy new clothing and food items to sell in his retail business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010