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Violetas 3 Group
In this Group: Yane, Monica, Flora, Mayelin, Brigida
Yane is the coordinator of her group Violetas (Violets), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally. (Many Haitians recently emigrated to the Dominican Republic.) Her group is located in Los Alcarrizos, a dusty, industrial area where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and four children.

Yane is excited to be taking her third 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 running a "fansasia (fantasy)" which is a sort of variety store for women and girls. She will invest in her business by purchasing skirts, underwear, jeans, stencils and arts and crafts supplies to sell in her store. She will use the profits to save towards sending her children to the university when they are of age. Yane thanks all of 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
  • $7,840,950
    Funds lent in using Kiva
  • 35.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Violetas 3 Group's $875 loan helped a member to buy skirts, underwear, jeans, stencils, arts and crafts to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2010
Listed
Feb 24, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010