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Un Nuevo Esfuerzo Group
In this Group: Teresa, Miroqui, Josefina, Yoselin, Nuris, Maria, Nativedad, Lidia, Marisela*, Mercedes, Dominga, Eridania, Maria, Basilia, Dania
* not pictured
Teresa is the coordinator of her group Un Nuevo Esfuerzo (A New Endeavour), 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 the Samana peninsula, a lush, rugged isthmus with a nascent tourism industry, 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 five children.

Teresa is excited to be taking her fifth 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 selling seafood, by purchasing fish, shrimp, and crab to sell from her seafood stand in her home. She will use the profits for her children by purchasing medicine, school supplies, and clothing. Additionally, she would like to finish constructing her home while finding a separate location for her seafood stand. 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
  • 5
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 36.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Un Nuevo Esfuerzo Group's $3,475 loan helped a member to buy fish, shrimp, and crab.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010