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Azucena 1 Group
In this Group: Daysi, Luz , Altagracia, Patria
Deysi is the coordinator of her group Azucena, 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 Los Alcarrizzos, a dusty industrial area north of the capital, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure as a single mother with her five children.

Deysi is excited to be taking her seventh loan with Esperanza, after having successfully repaid her previous loans and grown her business. She plans to use this loan to invest in her business, selling clothing, by purchasing underwear, mosquito nets, pants, blouses and skirts in the main market in Santo Domingo and then selling it in her community at a profit. She will use the profits to proviD. the daily needs for her large family and save for her children's education. 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
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Azucena 1 Group's $1,400 loan helped a member to buy blouses, skirts, pants, mosquito nets, underwear.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011