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La Familia Renacer 1,2 Group
In this Group: Anita , Jacqueline, Ana , Marcos, Maria, Ana, Natty, Candida, Rosa , Emilia
Anita is the coordinator of her group La Familia Renacer (The Family is Reborn), and her story is representative of the members 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 the urban slums surrounding Santiago, a city known for its tobacco production, where running water (none of which is potable) and electricity are unreliable. She makes her home in a simple structure with her long-term partner and their three children.

Anita is excited to be taking out her fourth 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 colmado, or small general store, by stocking rice, beans, cooking oil, spaghetti, sauces, and flour as well as a freezer in which to store goods. She will use the profits to save towards her dream of one day opening a supermarket. 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Familia Renacer 1,2 Group's $3,175 loan helped a member rice, beans, cooking oil, spaghetti, sauces, and flour and a freezer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2010
Listed
Apr 5, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010