Porvenir Feminino 1 & 2 Group
Flavia and her husband live with their four children in a simple home in Samana, a mountainous rural peninsula in the northeast of the Dominican Republic. Life in rural areas of the Dominican Republic can be rough, with no potable running water, frequent power outages (if one has power to begin with), and inadequate access to healthcare, among other dangers. Despite these difficulties, Flavia runs a successful business selling coconuts. Coconuts are a popular snack in the Dominican Republic, and can be sold for their milk, meat, and oil. With this loan, Flavia will purchase more coconuts to sell at a small markup to her customers.
This is Flavia’s eighth loan with Esperanza International. With her access to capital, she hopes to continue the growth of her business. Flavia’s profits have helped her purchase food for her family and school supplies for her children as well as supported her efforts to study English. She hopes to one day purchase a computer and build her own home, two very important moves out of the cycle of poverty.
Esperanza International seeks to free children and their families from poverty through initiatives that generate income, education and health, restoring self-worth and dignity to those who have lost hope. We have over 8,500 active associates in eleven offices in the Dominican Republic and Haiti. Thank you for lending to Flavia and the Porvenir Femenino group!
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.
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Success!! The loan was 100% repaid