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Luchando Con Esperanza  1,2 Group
In this Group: Yesenia, Yani, Maria, Milagros, Yania, Yerdy, Ana , Patria , Catalina, Dilania
Yesenia is the coordinator of her group Luchando Con Esperanza (Fighting with 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 Puerto Plata, a port town on the north coast, where the economy is based around tourism and 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 three children.

Yesenia is excited to be taking her first loan with Esperanza and she is excited to invest in her business which, in true entrepreneurial spirit, is a combination cafeteria and boutique. She plans to buy rice for the cafeteria and pants, blouses and shirts to sell in the boutique. She will use the profits to invest in her children by purchasing school supplies and uniforms and she will also save towards expanding her business. 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
  • $8,228,650
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luchando Con Esperanza 1,2 Group's $2,175 loan helped a member to buy rice, pants, blouses and shirts.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010