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La Nueva Esperanza 4 Group
In this Group: Ramona, Helena, Julianne, Raymundo, Neisy
Ramona is the coordinator of her group, L. Nueva Esperanza 4 (New Hope 4), and her story is representative of her group and generally of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the Dominican Republic from Haiti). Her group is located in San Pedro D. Macoris, a city famous for baseball players and sugar cane industries. The main economic activity is a free trading zone and a cement factory, but both 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 her four children.

Ramona is excited to be taking out 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 underwear and shoes in a Fantasia, which is a variety store that caters to women. She will use the profits to change her house from wood to concrete block to give her family a safer home, and expand 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

  • $7,611
    Average annual income
  • 6
    View loans »
    Dominican Republic Loans Fundraising
  • $7,847,650
    Funds lent in using Kiva
  • 36.1
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Esperanza 4 Group's $1,200 loan helped a member to buy underwear and shoes to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2010
Listed
Jul 2, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010