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El Triangulo 1 Group
In this Group: Maria, Claudio, Luis, Lorenza, Nilda
Maria is the group coordinator of the Banco de Esperanza (Bank of Hope) El Triangulo (The Triangle). Her story is representative of both her group and of Esperanza's Haitian (many of whom have recently immigrated to the DR) and Dominican clients. The group is based in Puerto Plata, a small developing city with limited access to running water and unreliable electricity. She lives with her husband in a rented house with wooden walls, a tin roof and cement floors.

Maria came to Esperanza for a loan that would allow her to grow her business by buying more products to sell. She plans to buy various items to sell including: kitchen utensils, sheets, curtains, cosmetics, silver jewelry, and other accessories. She has more than six years of experience and has successfully paid back five loans in the past. Her loans have helped her support her family and have allowed her to offer help to others that live in her community.

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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Triangulo 1 Group's $1,725 loan helped a member purchasing items to sell such as: cooking utensils, sheets, curtains, cosmetics, silver jewelry, and other accessories.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2009
Listed
Sep 29, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010