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La Nueva Esperanza 2,4 Group
In this Group: Bienvenida, Guillermina, Domingo , Valentina, Magaly, Maribel, Seneida, Grecia, Yohanny *, Gladis
* not pictured
Bienvenida is the coordinator of her group La Nueva Esperanza 2,4 (which means "The New Hope") and her story is representative Esperanza's Haitian and Dominican clients generally, many of whom recently emigrated to the DR from Haiti. Her group is located in the rural areas surrounding El Seybo, an area 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 five children.

Bienvenida is excited to be taking her seventh 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 it with fish, rice, cooking oil, salami, sardines, sauces, potatoes, and spaghetti. She will use the profits to reinvest in her business and expand it, and to provide for the needs of her large family. 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

  • $9,700
    Average annual income
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $8,161,575
    Funds lent in using Kiva
  • 36.4
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Esperanza 2,4 Group's $3,075 loan helped a member to buy fish, rice, cooking oil, salami, sardines, sauces, potatoes, and spaghetti to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011