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La Fe 6,7 Group
In this Group: Dioselina, Lucia, Osni, Alicia, Yemesi, Sonia, Venancia, Gloria, Maria, Juana
Dioselina is the coordinator of her group La Fe (The Faith), 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 the rural areas surrounding La Romana, where the sugarcane harvest dominates the economy and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her common-law husband and their two children.

Dioselina is excited to be taking her second loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business running a colmado (general store) by purchasing rice, flour and sugar to sell. She will use the profits to provide for her children's basic needs, including purchasing notebooks. 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
  • 11
    View loans »
    Dominican Republic Loans Fundraising
  • $8,228,650
    Funds lent in using Kiva
  • 36.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fe 6,7 Group's $2,075 loan helped a member to buy rice, flour and sugar.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010