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La Fe 1, 2 & 3 Group
In this Group: Yaquelin , Ameritese, Marie , Mercedes, Moise, Lavila, Juana, Maria , Marina, Yesenia , Fusinel , Diana, Margarita , Marcienne, Clodia
Yaquelin is an experienced businesswoman who has been plying her traD. selling clothing (including pants, shirts and hair accessories) and beauty products for five years. Yaquelin is the group coordinator of the Banco D. Esperanza (Bank of Hope) L. Fe (The Faith) based in a small community of sugar cane cutters (called a batey) outsiD. L. Romana. Here she lives with her five children, ages 10, 8, 5, 3, and nine months. She is raising her children alone as a single mother. In this community, there is no access to electricity, running water or trash pickup.


Yaquelin's plan with this loan is to increase her stock by purchasing more merchandise at a better price. This is her third loan with Esperanza, and both she and the organization are confident in her abilities as an entrepreneur.

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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fe 1, 2 & 3 Group's $2,625 loan helped a member to buy pants, creams, polo shirts, T-shirts and ponytail holders.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010