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Union Con Esperanza 1 & 2 Group
In this Group: Jefrica, Antonio, Elizabeth, Nazaria, Johanny, Martina, Eusebia, Lourdes, Altagracia, Maireny
Jefrica is one of the members of the “Union con Esperanza 1 y 2” (Unity with Hope 1 and 2) group which has 10 members who sell clothes, cosmetics, shoes, vegetables, etc. She is a young, 22-year-old, single mother who spends her time studying, tending to her business and caring for her young baby. She tells us that her most difficult challenge has been raising her daughter by herself without a father by her siD..

Jefrica is very excited about receiving her third loan from Esperanza Internacional after having repaid her previous loans satisfactorily and taken another step towards her business’ growth.

She has had her business for about 8 months. She started it after taking some crafts courses. She used to sell clothing and cosmetics but after taking the courses she recognized a better opportunity in developing this business.

Jefrica is planning to invest her new loan buying materials to make crafts. Her plan is to buy plaster, paint and clay plates that she plans to decorate with various motifs. She will use her profits to save up so that she can rent a locale shortly for her business and be able to display and sell her works. Her dream is to have her own place for her business and she plans to reach it through effort and by getting more loans.

This Esperanza associate started with us because she needed to develop a business that allowed her to care for daughter and still earn income. Her story is being used to exemplify her fellow group members as well as all Esperanza’s clients both the Haitians (who for the most part have emigrated to the Dominican Republic from Haiti, some of them recently) as well as the Dominicans who for the most part live in very poor areas, like this zone, and many others in the Dominican Republic that are poor in resources; they lack drinking water and reliable electric service.

This group is located in an area of poor resources called Puerto Plata, a city whose economy depends on real estate and tourism although the latter has been overshadowed recently by the emergence of newer tourist areas.
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Jefrica es una D. los miembro del Grupo Union con esperanza 1 y 2, compuesto por 10 miembros dedicada a las ventas D. ropa, cosmeticos, zapatos, vegetales, etc. Es una joven madre soltera D. 22 años D. edad, L. cual dedica su tiempo a los estudios, atender su negocio y cuidar a su pequeña bebe. Nos dice que su reto o desafío más difícil ha sido criar a su niña soL., si un padre a su lado.

Jefrica está muy emocionada D. recibir su tercer préstamo en Esperanza Internacional, despues D. haber pagado satisfactoriamente sus prestamos anteriores y haber dado un paso para el crecimiento D. su negocio. ElL. ha tenido su negocio por alrededor D. 8 meses, el cual inició despues D. haber realizado un curso D. artesania, anteriormente estaba en L. venta D. ropa y cosmeticos pero despues D. haber estudio, vio una mejor oportunidad en desarrollar este nuevo negocio. jefrica está planificando invertir su nuevo préstamo en L. compra D. materiales para L. elaboracion D. obras artesanales, su plan es comprar yeso, pintura y platos D. barro, en los cuales piensa pintarlos con diferentes motivos. ElL. va a utilizar sus ganancias para ahorrar y a corto plazo poder rentar un local para su negocio, donD. pueda exhibir y vender sus obras. Su sueño es poder lograr tener un local propio para su negocio, y piensa lograrlo con su esfuerzo y adquiendo mas prestamos.

Está asociada D. Esperanza comenzó con nosotros porque tenia L. necesidad D. desarrollar un negocio que le permitiera cuidar a su hija y ontener ingresos. Su historia está siendo usada para representar a los demás miembros D. su grupo y a los clientes D. Esperanza, tanto los haitianos (quienes en su mayoría ha emigrado hacia L. Republica Dominicana desD. Haití, algunos D. ellos recientemente) y los dominicanos, quienes por lo general viven en comunidades muy pobres, esta zona, como muchas otras zonas D. escasos recursos en L. Republica Dominicana, carecen D. agua potable y energía eléctrica constante. Este grupo se encuentra ubicado en una zona D. pocos recursos D. Puerto Plata, una ciudad cuya economía depenD. del sector inmobiliario y L. industria del Turismo, aunque este sector ha sido opacado por las nuevas zonas turisticas emergentes.

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
  • $8,065,475
    Funds lent in using Kiva
  • 37.0
    Dominican Republic Pesos (DOP) = $1 USD