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Esperanza El Coco Group
In this Group: Dania, Esmerearda, Cirila, Menenciana, Lucrecia, Monica, Maria*, Negra, Anselma, Selestina*, Olga , Catalina, Juliana*, Elizabet, Santa
* not pictured
Dania is the coordinator of her group, Esperanza El Coco (Hope, The Coconut), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the Dominican Republic from Haiti). Her group is located in the lush, rugged Samana peninsula, an area 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 husband and two children.

Dania is excited to be taking her seventh loan with Kiva partner, Esperanza, after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her coconut-selling business by purchasing coconuts as well as a machine with which to peel them. She will use the profits to invest in clothing and food for her family as well as finishing construction work on her home. Additionally, she would like to be able to help her daughter who is in university. 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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza El Coco Group's $2,675 loan helped a member to purchase coconuts and a machine with which to peel them.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010