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Esperanza Y Fe Group
In this Group: Elena, Marie, Gloria, Christiana, Mesias, Elisana, Deniana*, Rosita, Marilania, Yudis, Marisol, Diana, Carmelia, Elsanidia, Oralie
* not pictured
Elena is the coordinator of her group, Esperanza y Fe (Hope and Faith), 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).

Elena’s group is located in La Romana, a rural area of the country dedicated to the sugarcane harvest, where running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her husband and her six children.

Elena is excited to be taking her first loan with Esperanza – she is very excited for this opportunity to grow her business. She plans to use this loan to invest in her small general neighborhood store by purchasing necessary products such as clothes, flip-flops and other things.

Elena will use the profits to expand her business and hopes to have enough money to make improvements to her house. 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
  • $7,840,950
    Funds lent in using Kiva
  • 36.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Y Fe Group's $2,450 loan helped a member to buy clothes, flip-flops, and other items for her neighborhood store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010