Check out some available loans that are similar to this one!
Luz Y Progreso 1 & 2 Group
In this Group: Micaela, Lidia, Silvia, Mariely, Catalina, Basilia, Valentina, Mirlanda, Pedro, Juana
Micaela is the coordinator of her group Luz y Progreso 1 & 2 (Light and progress). She makes her home here in a simple structure with her three children. She says that her most difficult challenge is to finish building her house.

Micaela is excited to be taking her 3rd loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for almost three years. She started selling natural juices and fried food. She plans to use this loan to invest in her business by buying sodas, fruit, bread, ham, cheese, some vegetables and other stuff. She has a cafeteria and small snack shop where you get sandwiches, fried food, juice and other fast foods. She will use the profits to invest in her business and to save, because she wants to build her house and make some changes to her business locale.

This Esperanza associate began with us because she wanted to improve her business, 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) generally. Her group is located in Samana, a lush rugged peninsula with a nascent tourism industry. This area, like nearly all impoverished areas of the Dominican Republic suffers from unreliable running water (none of which is potable) and inconsistent electricity.

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
  • $7,840,950
    Funds lent in using Kiva
  • 36.8
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Y Progreso 1 & 2 Group's $2,775 loan helped a member to buy sodas and other goods.
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