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Asociacion De Cristo #5-8 Group
In this Group: Lucia, Leidy, Ferminda, Carmen, Luden, Ybelice, Jaquelin, Mayra, Caridad, Maria, Maria, Altagracia, Ramona, Cynthia, Alicia, Altagracia, Victoria, Dulce, Rafaela
Lucia, 40, is a borrower who lives near San Pedro D. Macorís, Dominican Republic. Lucia is the coordinator for her group, Asociacion D. Cristo (Association of Christ), and her story is representative of the other borrowers in the group.

Lucia and the other women in Asociacion D. Cristo live in Boca Chica, a town between San Pedro and Santo Domingo, the capital of the Dominican Republic. Boca Chica is known for tourism and visits to the beach, and Lucia has taken advantage of that trend by running a business selling bathing suits. She will use this loan to buy the bathing suits at wholesale prices, and then sell them at a small markup.

Lucia has seven children. She lives at home with her husband and four of her children, and it can be a crowded place. She hopes to make additions to her home so that there is more room, and she also hopes to one day own the building where she runs her business.


Lucia has successfully repaid four loans with Esperanza International, and she is excited to be taking out her fifth. Lucia said that she and her family “have overcome everything to get to where [they] are”. She is very thankful for Esperanza, not just for its loans but also for its “lower rates, savings, and the clinics” that are provided to all associates. Thank you for lending to Lucia and the Asociacion D. Cristo group!

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,775
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD
Expired
A portion of Asociacion De Cristo #5-8 Group's $4,550 loan helped a member to purchase men's and women's bathing suits.
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2009
Listed
Nov 14, 2009
Currency Exchange Loss:
Possible
Expired:
Dec 14, 2009