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Esperanza De Dios1,2,3 Group
In this Group: Soneta , Marie, Rozette, Cleana, Mimose, Germanie, Mariana, Litana, Estilia, Yolena, Gladys, Kelina, Ilomena*, Soledad, Fifa
* not pictured
Soneta is the coordinator of her group Esperanza de Dios (God's Wish), and her story is representative of both 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 La Romana, an area where the economy is dominated by sugar cane, and where running water (none of which is potable) and electricity are unreliable. She makes her home there in a simple structure with her long-term partner and their three children.



Soneta is excited to be taking her first loan with Esperanza and to invest in her business. She plans to use this loan to invest in her small food stand by purchasing soups, coffee, and rice as well as laundry detergent. She will use the profits to save toward her dream of owning a small corner store. Soneta thanks all of you 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
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza De Dios1,2,3 Group's $2,400 loan helped a member to purchase soups, coffee, rice and laundry detergent.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2010
Listed
Jul 2, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011