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El Gran Esfuerzo (Grupos 3, 7) Group
In this Group: Juan, Josefa, Yan, Yanet, Nanci, Maria, Mimosa, Elianda, Fello, Kenny
Juan is the coordinator of his group "El Gran Esfuerzo" (The Great Effort). His story is representative of his group and of Esperanza's Haitian and Dominican clients generally, many of whom have recently emigrated to the DR from Haiti. His group is located in Hato Mayor, an agricultural area in the east of the country, where running water (none of which is potable) and electricity are unreliable. He makes his home there in a simple structure with his long-term partner and their children.

Juan is excited to be taking his sixth loan with Esperanza after having successfully repaid his previous loans and grown his business. He plans to use this one to invest in his fuel business and to buy more gasoline and charcoal for sale. He will use the profits to make improvements to his house and buy school supplies for his children. Juan hopes this will contribute to the well-being of his family and to the education of his children. He 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,840,950
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Gran Esfuerzo (Grupos 3, 7) Group's $2,650 loan helped a member to buy gasoline and charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010