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Luz Y Esperanza 4 & 5 Group
In this Group: Miguelina, Carlos, Graciela, Antonia, Lesbiana, Rosalinda, Elvira, Gregoria, Milagros, Carlixta
Miguelina is the coordinator of her group. Her story is representative both of the members of her group as well as Esperanza's Haitian and Dominican (many of whom recently emigrated from Haiti to the DR) clients more generally. Her group is based in Santiago, the second largest town in the DR, which is a region known for agricultural production and where running water (none of which is potable) and electricity are unreliable at best. Here she makes her home in a simple structure of concrete walls, a tin roof and a dirt floor with her husband and two children.

Miguelina has just completed her first loan cycle with Esperanza and she is excited to take out her second loan. With this loan she plans to further invest in her business selling candles in her neighborhood. She has identified a market for candles in her neighborhood as a result of the frequent, extended blackouts common in her area. She believes that this business will provide a steady income and improve her quality of life and the lives of her children. She thanks 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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Y Esperanza 4 & 5 Group's $2,300 loan helped a member candles to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2009
Listed
Oct 12, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010