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Esperanza Y Esfuerzo 3 & 4 Group
In this Group: Santos, Carmen, Rafaela, Selvia, Juan, Mercedes, Rosa*, Rosario, Martha, Martha
* not pictured
Santos (or Estela, as she is known to everyone) is a member of the group Hope and Striving 3 & 4. The members sell clothes, cosmetics, shoes, food, etc. Her family is made up of her, her husband, and their 4 children, who she enjoys hugely. She also loves to go to the church and sing. Her main challenge at the moment is to build an apartment to rent out and generate income for the family.
Santos is very excited to receive her 7th loan from Esperanza Internacional after having successfully repaid her previous loans and having taken the first steps in growing her business. She has had her business for about 6 years, and she started it with her first loan. Santos plans to use the new loan to buy food (rice, beans, oil, sugar, etc) for her small grocery store, a business that depends on selling all sorts of food and other products. It is a little community store. She is going to use the income to continue investing in her business.
She started this association with us because she needed to invest in her business. Her story is being used to represent the rest of the members of this group who are clients of Esperanzo, who are a mix of Haitians (who for the most part have emigrated to the Dominican Republic from Haiti, some of them recently) and Dominicans, who for the most part live in very poor communities. This area, in common with many other resource poor areas of the Dominican Republic, lacks potable water and a reliable electricity supply. This group can be found in an area at the edge of the sugar cane fields of San Pedro de Macoris, a city famous for its baseball players and for the sugar industry. Its present day economy depends on the free trade zone, the cement industry, and other more minor activities like tourism.
The person circled in the picture is not a member of the group - this is someone who was accompanying one of the group members.
View original language description ↓
Santos (Estela, como todos la conocen) es una de los miembro D. Grupo Esperanza y Esfuerzo 3 y 4, dedicados a las ventas de ropa, cosmeticos, zapatos, ventas de alimentos, etc. Su familia está compuesta por ella, su esposo y sus 4 hijos, la cual disfruta al maximo, tambien le encanta asistir a la iglesia y cantar. Su principal reto actualmente es poder construir un apartamento, para alquilar y generar mas ingresos.

Santos está muy emocionada de recibir su septimo préstamo en Esperanza Internacional, después de haber pagado satisfactoriamente sus préstamos anteriores y haber dado un paso para el crecimiento de su negocio. Ella ha tenido su negocio por alrededor de 6 años, el cual inició con su primer prestamo. Santos está planificando invertir su nuevo préstamo en la compra de alimentos (arroz, hachuelas, aceite, azucar, etc), para su pequeño colmado, negocio que se basa en la venta de todo tipo de alimentos y otros productos, es una pequeña tienda en la comunidad. Ella va a utilizar sus ganancias para seguir invirtiendo en su negocio.

Está asociada de Esperanza comenzó con nosotros porque necesitaba invertir en su negocio. 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 bordeada de campos de caña en San Pedro de Macoris, una ciudad famosa por sus jugadores de pelota y por la industria azucarera, su economía actual depende de la Zona franca, la industria D. cemento y otras actividades menores como el turismo.

La persona en el circulo, no pertenece al grupo, es el acompañante de uno de los miembros.

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

Success!! The loan was 100% repaid

A portion of Esperanza Y Esfuerzo 3 & 4 Group's $2,800 loan helped a member to buy rice, beans, oil, sugar, flour, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2010
Listed
Oct 8, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011