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Paz Y Fe 1 Group
In this Group: Yrma, Teresa, Adelaida, Zulecia, Nereida, Jesuito, Maria, Rosa, Fabia *, Santa
* not pictured
Yrma is the coordinator of her Banco D. Esperanza (Bank of Hope) Paz y Fe (peace and faith.) Her story is representative of both the members of her group and Eseperanza's Dominican and Haitian (many of whome recently emigrated to the DR from Haiti) clients. Her group is based in the Samana peninsula in the east of the Dominican Republic, where running water (none of which is potable) and electricity are unavailable. Here she makes her home with her husband and five children in a simple structure comprised of wooden walls and a tin roof which she owns but does not have title to.

Yrma originally came to Esperanza over six loan cycles ago for the purpose of improving her business and she has proved herself very successful as an associate of Esperanza, repaying on time every time. She will use this new loan to invest in more products such as plantains, name (a potato like root) and booklets to sell in her store. She plans to use the profits to purchase, clothes, school uniforms, notebooks and shoes for her children, a cow for her family and to continue to improve her home. Additionally, in the long term she would like to save money for a vehicle to move her products and to continue to increase her savings. She would like to thank you all for your 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
  • 5
    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 Paz Y Fe 1 Group's $2,575 loan helped a member plantains, Name and booklets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2009
Listed
Sep 30, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010