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Progreso De Esperanza 1,2 Group
In this Group: Esperanza, Diego , Leonora, Vicente*, Ceyneda, Inacia, Susana, Ylandia, Cristiana, Elisa
* not pictured
Esperanza is the coordinator of her group Progreso D. Esperanza (Progress of Hope), 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 lush, rugged Samana peninsuL.,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 child.

Esperanza is excited to be taK. her sixth loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to uS. this loan to invest in her business running a small "colmado" or general store by purchasing bread, juice, sodas, beans, sugar, rice, and plantains to stock her store. She will uS. the profits to invest in school supplies for her children as well as construction materials for her home. Finally, she would also like to save enough to rent a location for her business so that she can move it out of 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

  • $7,611
    Average annual income
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 36.3
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Progreso De Esperanza 1,2 Group's $3,450 loan helped a member to buy bread, juice, sodas, beans, sugar, rice, and plantains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010