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Amor Y Esperanza 1 & 2 Group
In this Group: Yolanda, Rosela, Siliene, Nairobis, Fidelina, Soloida, Selena, Maria , Ana, Odil
Yolanda is the coordinator of her group, Amor y Esperanza (Love and Hope), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the DR from Haiti). Her group is located in the slums surrounding Santo Domingo where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and five children.

Yolanda is excited to be taking her second loan with Esperanza after having successfully repaid her first loan. She plans to use this loan to invest in her business selling used children's clothing by buying clothing in bulk at a good price. She will use the profits to improve her house with the dream of continuing to grow her business and to provide a good life for her family in a good house. 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Amor Y Esperanza 1 & 2 Group's $2,625 loan helped a member to buy used children's clothing in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010