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La Fe 4 & 5 Group
In this Group: Maria , Filomena, Alicia, Alud, Emil , Solan, Jesimen, Manolo, Mireya, Yolen
Maria is the coordinator of her group La Fe (The Faith), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in the rural areas surrounding La Romana, where the economy centers around sugar cane harvesting and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long term partner and their two children.

Maria is excited to be taking her first loan with Esperanza and she views this new venture with Esperanza as an exciting opportunity to grow her business. She plans to use this loan to invest in her business selling clothing by purchasing pants, blouses and underwear in the main market and then bringing them to her remote community to sell at a profit. She will use the profits to provide for the needs of her children, including school supplies and shoes. Her long term goal is to own her own home. 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

  • $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