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Nuevo Porvernir 1, 2, 3 Group
In this Group: Angelita, Yissel, Lidia, Cadido, Germania, Alina, Santa, Cruza, Altagracia, Juan, Pedro, Ramona*, Carmen, Ana, Dina
* not pictured
Angelita is the coordinator of her group, Nuevo Porvenir (New Future), 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 San Pedro D. Macoris, a city famous for baseball players and sugar cane industries. The main economic activity is in Free Trading Zone, a cement factory, where running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her two children.

Angelita is excited to be taking her 4th 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. She sells clothes and shoes in a Fantasia: a variety store that caters to women. She will use the profits to improve her home and invest in her business. 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $8,158,875
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Porvernir 1, 2, 3 Group's $3,575 loan helped a member to buy stock of clothing and shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011