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Unidos Para El Futuro Group
In this Group: Yrene, Gertrudis, Arelis, Elena, Lourdes, Margarita, Luz , Enrique , Rosita, Felicia, Maria, Jacinta*, Ysabel, Altagracia, Alicia
* not pictured
Yrene is the coordinator of the "Unidos Para el Futuro" (United for the Future) group and her story is representative of her group and of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the DR from Haiti . Her group is located in the urban slums north of the capital where crime is rampant, running water is not potable, and electricity is unreliable. She makes her home here in a simple structure with her long-term partner and their three children.

Yrene is excited to be taking her third loan from Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business. Yrene sells underwear and cosmetics. She will use her loan to buy bras, panties and briefs as well as creams and makeup to sell. She will use the profits to finish building her home and to save to buy a vehicle. 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
  • 8
    View loans »
    Dominican Republic Loans Fundraising
  • $7,988,425
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidos Para El Futuro Group's $4,100 loan helped a member panties, bras, briefs, creams and make-up.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2010
Listed
Apr 6, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010