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Nuevo Esfuerzo (G 4, 5) Group
In this Group: Dilenia, Nieve, Yesenia, Yocasta, Sixta, Yennifer, Colon, Herminia , Kenia, Matilde
Dilenia is the coordinator of her group Nuevo Esfuerzo (The New Effort), 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 SemA., a lush rugged peninsula with a blossoming tourism industry, where, nevertheless, running water (none of which is potable) and electricity are unreliable. She makes her home here as a single mother, in a simple structure with her three children.

Dilenia is excited to be taking her fifth loan with Esperanza after having successfully repaid her previous loans and expanded her business. She plans to use this loan to invest in her mobile variety sales business: to purchase clothes, sweets and other products for resale. She will use the profits to further expand and stabilize her business and to buy food, school supplies and medicine for her children. She hopes to better their future though her work. 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,150,000
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Esfuerzo (G 4, 5) Group's $2,325 loan helped a member to buy clothes, sweets and other products for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010