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Prosperidad Y Esperanza 1,2 Group
In this Group: Luz, Insolina, Luz , Carlos, Leonalda, Lucrecia, Maria, Mirian, Modesto , Rosa
Luz is the coordinator of her group Prosperidad y Esperanza (Prosperity and Hope), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the DR from Haiti). Her group is located in the urban areas surrounding Santiago 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 two children.

Luz is excited to be taking her first loan with Esperanza and is excited to access capital at low interest rates. She plans to use this loan to invest in her business selling sweets by purchasing the necessary ingredients including sugar, coconut, milk and potatoes. She will use the profits to save towards her long term goal of opening a restaurant. 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
  • $7,847,650
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Prosperidad Y Esperanza 1,2 Group's $2,025 loan helped a member coconut, sugar, milk and potatoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 23, 2010
Apr 1, 2010
Currency Exchange Loss:
Oct 15, 2010