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Mi Fortaleza En Cristo Group
In this Group: Laura, Vivian, Alexandra, Ana, Laura
Laura is the coordinator of her group, Mi Fortaleza en Cristo (My Fortress In Christ), 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 area surrounding Santiago known for its production of beef and tobacco, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband.



Laura is excited to be taking her second loan with Esperanza after having fully repaid her previous loan and grown her business. She plans to use this loan to invest in her used clothing business by purchasing large packages of used clothing that come from organizations such as The Salvation Army. She will use the profits to save, as she looks forward to starting a family. She thanks you 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
  • $7,981,250
    Funds lent in using Kiva
  • 36.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mi Fortaleza En Cristo Group's $1,400 loan helped a member to purchase large packages of used clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2010
Listed
Feb 12, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010