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Trabajando Hacia El Bienestar 1,2,3 Group
In this Group: Nery , Zeneida, Yaska, Juan , Ramona, Maria, Maria , Luz , Ana, Ligia, Maria, Anselma, Candida*, Luiz , Israel
* not pictured
Nery is the coordinator of her group 'Trabajando Hacia el Bienestar' (Working Towards Well-being), and her story is representative of her group and of Esperanza's Dominican and Haitian (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in a remote area of the lush, rugged Samana peninsuL., 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.



Nery is excited to be taking her first loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling gasoline by the liter out of large beer bottles. This is a common business in remote areas of the DR which can be hours from the nearest gas station. She will use the profits to invest in food, notebooks, backpacks, a computer and shoes for her children. Also, she would like to remodel her 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
  • $7,840,950
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Trabajando Hacia El Bienestar 1,2,3 Group's $2,950 loan helped a member gasoline to sell by the bottle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010