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Las Mercedes Group
In this Group: Claribel, Juliana, Enmencia, Jose, Alejandrina, Lourde*, Virginia, Paula, Edubiges, Matilde, Julian, Altagracia, Adriana, Ydaliza, Petronila
* not pictured
Claribel is the coordinator of her group, Las M., 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 long-term partner and their two children.

Claribel is excited to be taking her tenth 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 business by purchasing a machine to impress metal to make jewelry and the metal to use in the machine. She will use her profits to invest in the re-modelling of her home and school supplies for her children. She would also like to save to travel to the US to visit her family there. 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
  • $8,265,375
    Funds lent in using Kiva
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Mercedes Group's $2,400 loan helped a member to purchase a machine with which to make jewelry and the metal to use in it.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 22, 2010
May 1, 2010
Currency Exchange Loss:
Nov 15, 2010