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La Fe 1,2 & 3 Group
In this Group: Aurelia, Francisca, Sonia, Charguita, Miludlde, Lidia, Armita, Yuberky, Rosalia*, Juana, Altagracia, Jisseline, Adelina*, Marie, Madeline
* not pictured
Aurelia 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 the sugarcane harvest 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 six children.

Aurelia is excited to be taking her second loan with Esperanza after having successfully repaid her previous loans, which she cites having taken for the low interest rates. She plans to use this loan to invest in her business selling polo shirts, pants and creams by purchasing these items in the main market and then bringing them back to her remote community to sell for a profit. She will use the profits to continue providing for the needs of her large family as well as to continue investing in her business. Her dream is to one day 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

  • $7,611
    Average annual income
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fe 1,2 & 3 Group's $3,675 loan helped a member to buy more polo shirts, pants, underwear and creams.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2009
Listed
Jan 14, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010