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Luz De Madre 5 Group
In this Group: Ramona, Aracelis, Clara , Yudelka, Bianka
Ramona is the coordinator of her group, Luz de Madre (Light of the Mother), and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the Dominican Republic from Haiti). Her group is located in Los Alcarrizos, a dusty industrial area north of the capital, 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 and their three children.

Ramona is excited to be taking her second loan with Kiva partner, Esperanza, after having successfully repaid her previous loan and grown her business. She plans to use this loan to invest in her business selling hair products by purchasing more shampoo, rinse and conditioner to sell. She will use the profits to invest in inverters for her house (large batteries that charge when the power is on to counteract frequent blackouts). 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
  • $7,847,650
    Funds lent in using Kiva
  • 36.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz De Madre 5 Group's $975 loan helped a member to purchase shampoo, rinse and conditioner for resale.
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 16, 2010