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Jehova Es Mi Pastor 1-3 Group
In this Group: Dernita , Gerdanise, Mimose, Therese, Arrinis, Genique, Nauteze, Rosemaine, Luciana, Lliana, Evelin, Wilda, Veronite , Celuta, Alcimente
Dernita J. is a Haitian immigrant who lives in La Caleta, a town in the outskirts of Boca Chica. Boca Chica is known for having white soft sand, and the water is calm, clear and shallow. But tourists don’t normally see those that are trying to survive in the nearby communities. Especially now in the down-turning economy many are left without employment because businesses keep on shutting their doors. Dernita has been able to survive because 13 years ago she started her own business. She sells clothes and basic food products from her house. Currently her colmado sells rice, beans, sugar and flour, but does not sell fruits and vegetables. With this loan she hopes to attract new customers by expanding to also sell fruits and vegetables.

Prior to 2006, when she was still not an Esperanza client, Dernita realized that a lot of the time when she found herself out of money to re-stock she would borrow money from local lenders. The local lenders charge a 20% interest rate per week! Esperanza charges a 2% declining-balance interest rate every two weeks, 4% a month. Esperanza also helps its clients with complimentary services such as savings account, medical and life insurance, literacy courses, and business management training, just to name a few.

Please strongly consider loaning to Dernita and her group. She deserves a fair interest rate and an opportunity to grow her business. Esperanza thanks you for your time and consideration.

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,275,775
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Jehova Es Mi Pastor 1-3 Group's $3,200 loan helped a member purchase of fruits and vegetables for home grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 21, 2009
Aug 1, 2009
Currency Exchange Loss:
Feb 15, 2010