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Paz Y Amor 2 Group
In this Group: Yessenia, Clara, Rosa, Domingo, Orquidea
Yessenia R. (far left) has created a living selling shampoo, makeup, and other Avon beauty products from her home near Samaná, Dominican Republic. Living with her husband and three children, ages 13, 11 and 8, Yessenia travels to Santo Domingo to buy the products which she sells. Currently on her eighth loan cycle, Yessenia has faithfully repaid loans for more than three years. With the support of her husband, she has seen her fledgling business grow since she received her first loan with Esperanza.

Yessenia, previous to her loans with Esperanza, was selling clothing to those in her local area. However, finding it difficult to sell these for a good profit margin, and due to slow sales in general, she sought to change her business with her new loan. She then changed to buying her own Avon products – the shampoo, makeup, rings, etc. – and selling them locally. This way, she gets to be flexible with the products she delivers to her customers, and is able to make a better profit margin when she buys the products directly from Santo Domingo.

With these extra profits, Yessenia has been able to improve the quality of living for herself, her husband and her children. She can buy extra food and has been able to pay for unexpected medical bills. Without this financial security, sudden medical bills many times can be extremely hard to overcome, and Yessenia has been able to pay them when needed.

In the future, Yessenia first is seeking to grow her business, and to incluD. different products for sale, such as incorporating some of the clothing sales she maD. in the past and adding in more beauty products than she currently offers. With this income, she hopes to continue to proviD. for her family and support her children as they get older.

Thank you for this Kiva 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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $7,944,350
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD