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Rayo De Luz 1, 2 And 3 Group
In this Group: Maria, Kenia, Simon, Ana, Angela, Victor, Romona, Claribel, Milagro, Pedro, Mercedes, Anamaria, Maria, Geovanny, Simon
Maria is the group coordinator for Banco D. Esperanza (Bank of Hope) Rayo D. Luz (Ray of Light). Her story is representative of the others in her group and also more generally of Esperanza's Haitian and Dominican clients. Maria lives in Hato Mayor, a rural area in the Dominican Republic. Her house has unreliable access to non-potable running water and electricity. She lives in a house with her husband and 10-year-old son.

Maria operates a bakery that sells sweets called Dulces D. Maria. She runs her business out of her home and sells sweets, bread and other food items like fruit juice. This will be her fourth loan with Esperanza after successfully paying back her previous three loans. She plans to use this loan to purchase food items to sell and ingredients so she can make items to sell. She specifically needs flour, rice, sugar, oil, eggs and butter.

Maria wants to continue to improve her living conditions by working hard and advancing her family. Her dream is to one day be able to afford her own pastry store so she doesn't have to operate her business from her home.

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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD