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Luz Divina 1,2,3 Group
In this Group: Nelly , Maria, Monique , Bernardo, Ovitta, Diana, Joseline, Quesner, Cristina, Monica, Armand, Lucilla, Yilanise, Esther*, Sosthenes
* not pictured
Nelly, 20, is the coordinator of her group Luz Divina (Divine Light), and her story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti). Her group is located in Puerto Plata, a port town on the north coast where the economy is based on 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 parents.


Nelly is excited to be taking her fifth 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 sandals and beauty products, by purchasing shampoo, creams, and sandals to sell.


She will use the profits to pay for her university studies where she is studying to be a doctor.

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
  • 4
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 36.7
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Divina 1,2,3 Group's $3,925 loan helped a member to buy shampoo, creams, and sandals to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010