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Cristo Salva Group
In this Group: Esperanza, Omaria, Elithane, Maria, Clemencia, Daniela, Luciana, Mariana, Rosa, Liphena
Esperanza is the coordinator of the Silva Groups 1 and 2. Her family is made up of 4 children and a husband. Both of them, (father and mother) have raised and educated their children. Her most difficult challenges, she tells us, have been in her role as a mother trying to provide a better future for her children.

Esperanza is very excited to receive her first loan through Esperanza International. She has had her business for about 20 years, which she started by selling silver jewelry such as rings and chains, using money that she had saved up. Esperanza is planning to invest the proceeds of her loan in the purchase of undergarments in dozens, for men, women and children. She will use her income for new clothing and in such a way will be able to grow her business and achieve her dream of being able to finish building her house. She also wishes to maintain good health and have a more financially stable life.

This member of the Esperanza Group joined us because of the flexible loan payments and better interest rates. Her background is representative of the other members of the group and customers of Esperanza, the Haitians (who for the most part have immigrated to the Dominican Republic from Haiti, some of them recently) and the Dominicans, both generally live in very poor communities. This area, like many other areas of limited resources in the Dominican Republic, is lacking in drinking water and constant electrical energy. This group is located in a low resource area of La Romana, a city whose economy depends on the production of sugar cane and the high level tourist industry.
View original language description ↓
Esperanza es la coordinadora del Grupo Cristo Salva 1 y 2. Su familia está compuesta por 4 hijos y su esposo, ambos (padre y madre) han educado y criado a sus hijos. Nos dice que sus retos o desafíos más difíciles ha sido dedicarse como madre para darle un futuro mejor a sus hijos.

Esperanza está muy emocionada de recibir su primer préstamo en Esperanza Internacional. Ella ha tenido su negocio por alrededor de 20 años, el cual inició vendiendo joyas de plata, como anillos y cadenas utilizando un dinero que tenía ahorrado. Esperanza está planificando invertir su nuevo préstamo en la compra de Ropas interiores por docenas, tanto de hombre, mujeres y niños. Ella va a utilizar sus ganancias para ropa nueva y de esta manera poder hacer crecer su negocio y lograr su sueño de poder terminar de construir su casa, también desea tener buena salud y tener una vida más estable económicamente.

Está asociada de Esperanza comenzó con nosotros porque las cuotas de pagos son más flexibles y a un menor interés. Su historia está siendo usada para representar a los demás miembros de su grupo y a los clientes de Esperanza, tanto los haitianos (quienes en su mayoría ha emigrado hacia la Republica Dominicana desde Haití, algunos de ellos recientemente) y los dominicanos, quienes por lo general viven en comunidades muy pobres, esta zona, como muchas otras zonas de escasos recursos en la Republica Dominicana, carecen de agua potable y energía eléctrica constante. Este grupo se encuentra ubicado en una zona de pocos recursos de La Romana, una ciudad cuya economía depende de la producción de Caña de azúcar y la industria del Turismo de alto nivel.

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
  • 12
    View loans »
    Dominican Republic Loans Fundraising
  • $8,245,750
    Funds lent in using Kiva
  • 37.0
    Dominican Republic Pesos (DOP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cristo Salva Group's $1,925 loan helped a member to purchase undergarments in dozens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2010
Listed
Oct 8, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011