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Peniel, Group 7
In this Group: Patria, Rebeca, Sara, Maritza, Inocencia
Patria is 28 years old and lives with her husband and two children in Samana. She is the coordinator of the Banco de Esperanza (Bank of Hope) Peniel. Her story is representative of the other women in her group and of Esperanza's Haitian and Dominican clients. Samana is a community with unreliable electricity and running water.

This is Patria's first loan with Esperanza. She came to Esperanza for a loan because she wants to open a cafe and work for herself. She plans to use the loan to buy food to sell in her cafe including: cookies, cheese, and juice. She will also buy a toaster.

Patria wants to start a business so that she can improve the living conditions for her family. She would like to buy a house, a washing machine and shoes for her children. She hopes to continue to invest in her business in the future.

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
  • 35.9
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Peniel, Group 7's $950 loan helped a member items to sell in a cafe including: cookies, cheese, and juice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010