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La Confianza 1,2 Group
In this Group: Eulalia, Martha, Riccy, Kelia, Martha, Lidelina, Dominga, Paul , Milady, Paulina
Eulalia is the coordinator of her group La Confianza (The Confidence), 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 the urban slums north of Santo Domingo, an area where crime is rampant and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and their three children.

Eulalia is excited to be taking her first loan with Esperanza and is excited to invest in her business. She plans to use this loan to invest in her business of selling breakfast by purchasing salami, ham, beef, plantains, bananas, oranges, tamarinds, limes and disposable plates and silverware. She will use the profits to invest in her home by repairing her roof. 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
  • 3
    View loans »
    Dominican Republic Loans Fundraising
  • $7,981,250
    Funds lent in using Kiva
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Confianza 1,2 Group's $2,425 loan helped a member salami, ham, beef, plantains, bananas, oranges, tamarinds, limes and disposable plates and silverware.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2010
Listed
Jul 3, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011