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Luz De Fe 1,2 Group
In this Group: Francisca, Santa, Miguelina, Evelyn , Nilcidia, Mariana, Prospera, Josefina, Irraida, Magaly
Francisca is the coordinator of her group Luz de Fe (Light of Faith), 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 town north of the Capitol, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple, rented structure with her long term partner and their three children.

Francisca is excited to be taking her first loan from Esperanza and she is excited at the opportunity to grow her business and have access to low cost capital. She plans to use this loan to invest in her business running a fantasia, small store which caters towards women, by investing in merchandise such as blouses, jeans, hair products and accessories. She will use the profits to invest in saving towards the future of her children who she wants to send to University and being able to purchase 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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 35.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz De Fe 1,2 Group's $1,875 loan helped a member hair products, clothes and accessories for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2010
Listed
Mar 19, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010