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Ramon R. started out selling snacks out of a cart he would push through the streets of Quisqueya. With a loan from Esperanza, he was able to open up a permanent storefront where he sells essential foodstuffs like bread, rice, and meats, as well as everyday conveniences like pens and candies. Ramon is a smart businessman with almost $100 in savings. However, Ramon's savings are not enough to grow his business. He will use this new loan to buy a freezer to expand his offerings to include ice, juices, and soft drinks. As soon as Ramon pays off his current loan with Esperanza, this loan will become active.

About Dominican Republic

  • $7,611
    Average annual income
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $475 helped Ramon business expansion.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 25, 2007
Jul 11, 2007
Currency Exchange Loss:
Jan 17, 2008