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La Solucion 5 & 6 Group
In this Group: Wanda, Crimirda, Andrea, Matilde, Sira, Licila, Jhandy, Quisqueya, Valeria, Roxanna
Wanda is the coordinator of her group, L. Solucion (The Solution), and her story is representative of her group and of Esperanza's Haitian and Dominican Republic (many of whom recently emigrated to the DR from Haiti) clients in general. Her group is located in the Samana penninsuL., a lush mountainous area with a budding tourism industry. The running water (none of which is potable) and electricity are unreliable in this area. Wanda makes her home here in a simple structure with her long-term partner and their child.

Wanda is excited to be taking her second loan with Esperanza, after having successfully repaid her previous loan. She plans to use this loan to invest in her business. She will be purchasing men's and women's shoes as well as pants and shirts. Her business model is to carry these items on her head and seek out her clients in the street. She has several regular clients but also makes one-time sales. She plans to use the profits to invest in her family and business by purchasing a "passoL." or scooter. This purchase will facilitate mobility. She will also purchase books and notebooks for her child. 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

  • $7,611
    Average annual income
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,847,650
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Solucion 5 & 6 Group's $2,350 loan helped a member women's and men's shoes, shirts and pants.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2010
Listed
Jan 15, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010