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Union Con Esperanza 1,2,3 Group
In this Group: Maireny, Juliana, Altagracia, Lourdes, Eusebia, Martina , Rufina, Antonio, Maria, Jefrica, Miguelina, Johanny, Elizabeth , Mercedes, Maribel
Maireny is the coordinator of her group Union con Esperanza 1,2,3 (Union with Esperanza), and her story is not unlike others in her group and of Esperanza's Haitian and Dominican community, many of whom recently emigrated to the Dominican Republic from Haiti. Her group is located in Puerto Plata, a city on the north coast where the economy is based around tourism and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple, rented structure with her husband and two children.

Maireny is excited to be taking her third 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 and accessories by traveling to the larger markets in Santiago to purchase her goods and sell them in her local market at a profit. She will use the profits to save towards buying a plot of land where she can construct 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

  • $9,700
    Average annual income
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD