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El Buen Futuro 1 Group
In this Group: Santa, Eloisa, Modesto, Ramona, Lidia
Santa is the coordinator of her group, El Buen Futuro 1 (The Good Future). She makes her home here in a simple structure with her nine children, eight of whom live with her after she raised them as a single mom. She says that her most difficult challenge is to support her nine children. In the meantime she plans to continue enjoying taking care of her children.

Santa is excited to be taking out her 4th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for over eight years. Four months ago she changed and moved her business. She started with a small butcher shop in the public market of her community.

She plans to use this loan to invest in her butcher shop and food sales (fried pork) by buying different kinds of meats. She will use the profits to repair her house and save for her future. She wants to have a better home structure and live well and quietly with her family.

This Esperanza associate began with us because she wanted to invest in her business and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the DR from Haiti). Her group is located in the rural area surrounding Hato Mayor, an agricultural area. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water (none of which is potable).

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
  • $7,912,075
    Funds lent in using Kiva
  • 36.4
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Buen Futuro 1 Group's $1,925 loan helped a member to buy meats.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2010
Listed
Sep 12, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011