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Jesus Nuestra Esperanza 3 Group
In this Group: Binet , Florentina, Maria, Marie, Maura
Binet is the coordinator of her group Jesus Nuestra Esperanza (Jesus is our hope), and her story is representative 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 Puerto Plata, a city on the North Coast of the DR, with an economy based around tourism, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her long term partner and their four children.

Binet is excited to be taking 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 creating curtains, by purchasing the materials she needs to create them such as fabric, decorations and thread. She will use the profits to invest in her home by installing a concrete floor, a major improvement in an area where rains often turn mud floors into unsanitary cesspools. 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
  • 0
    View loans »
    Dominican Republic Loans Fundraising
  • $8,088,925
    Funds lent in using Kiva
  • 36.5
    Dominican Republic Pesos (DOP) = $1 USD