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La Buena Fe 5 Group
In this Group: Marta, Evelin, Marcela, Miguel, Margarita
Marta is the coordinator of her group L. Buena Fe (The Good Faith). Her story is representative of her group and generally of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the Dominican Republic from Haiti. Her group is located in the rural areas surrounding Hato Mayor, a sleepy agricultural town 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.

Marta is excited to be taking her third loan with Esperanza after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling jewelry. She intends to use the loan capital to purchase underwear in order to expand her offerings. She will use the profits to complete construction on her home and to invest in her children's education. 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
  • 2
    View loans »
    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 36.2
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Buena Fe 5 Group's $900 loan helped a member to purchase underwear to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010