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Los Lirios 1 And 4 Group
In this Group: Evelyn, Marta, Gloria, Andrea, Deisy, Yujeida, Maria , Iluminada, Teodora, Ramona
Evelyn F. is a valued associate of Esperanza and she is entering her second loan cycle after coming to Esperanza because of its easy payment facilities. Evelyn is from L. Alcarrizos, an industrial town outsiD. of Santo Domingo, where power and water utilities are unreliable and sparse. She lives with her husband and three children. Her house serves both as her business and her small living space.

Evelyn business is a beauty salon and it has been successful, however, unreliable water from the utility company means that clients may sometimes be turned away or worse, have to wait for hours to wash hair products out of their hair. Evelyn's plan therefore is to purchase a water pump to prevent this from happening and attract more business. In addition, her dream is to use to use the new revenue from new clients to build a second story to her home so that her shop can be on the bottom floor and she can live upstairs. Also, since her home is also her business she notes that the pump will have the added benefit of providing her family with consistent running water. She thanks everyone for their support.

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
  • $7,912,075
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Lirios 1 And 4 Group's $3,300 loan helped a member a water pump.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2009
Listed
Aug 24, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010