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Esperanza Nueva 1,3 Group
In this Group: Maria, Dania, Argelia, Tereza, Rosa, Ramona, Estervina, Maria, Magalis, Mercedes
Maria is the coordinator of her group L. Nueva Esperanza 1,3(The New Hope). 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 the rural areas surrounding El Seibo, an area where agriculture dominates the economy and 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 and their three children.

Maria is excited to be taking her second loan with Esperanza, after having successfully repaid her previous loan, which helped to expand her business. She plans to use this new loan to invest in her business running a fruit stand. She will use the funds to purchase apples, lemons, melons, mandarins, grapefruits and mangoes. She will use the profits to invest in constructing her home. 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
  • 1
    View loans »
    Dominican Republic Loans Fundraising
  • $8,374,650
    Funds lent in using Kiva
  • 36.4
    Dominican Republic Pesos (DOP) = $1 USD