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La Nueva Esperanza 2 Group
In this Group: Emilio, Yoslin, Liliana, Amada, Yonaisy
Emilio is one of the members of the group La Nueva Esperanza 2 (New Hope 2). They are micro-entrepreneurs dedicated to selling clothing, natural goods, shoes, education, etc. They work in the city of San Pedro D. Macoris, a city famous for its athletes and sugar industry. At present, its economy depends on the duty-free industry zones, the cement industry, and other minor activities like tourism. This member is receiving his seventh loans three years after receiving his first. In each loan, he has maD. his repayments on time and has maD. good investments. He sells miscellaneous items, shoes, cosmetics, clothing, etc.

Emilio is planning to invest his new loan to buy clothing, cosmetics, and shoes. He will use his earnings to save so that he can build a house. He enjoys listening to music, and his goal is to remain faithful with the loans so that he can continue investing in his business. His dream is to improve his social condition and to buy a large vehicle, like a truck or a pick-up truck.
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Emilio es uno D. L. miembros del grupo La nueva esperanza 2, elL. son microempresarios dedicados a las ventas D. ropa, productos naturales, zapatos, educacion, etc; en la ciudad D. San Pedro D. Macoris, una ciudad famosa por sus jugadores D. pelota y por la industria azucarera, su economía actual depenD. D. la Zona franca, la industria del cemento y otras actividades menores como el turismo. Está asociado D. Esperanza inicio con su primer prestamo y actualmente llega 3 años y esta recibiendo su septimo prestamo, en cada uno ha realizado sus pagos satisfactoriamente y ha realizado buenas inversiones, se ha dedicado al comercio D. ventas miscelaneas, zapatos, cosmeticos, ropas, etc.

Emilio está planificando invertir su nuevo préstamo en la compra D. ropas, productos cosmeticos, zapatos. El va a utilizar sus ganancias para ahorrar para asi poder construir su casa. Su actividad favorita es escuchar musica, y su reto es mantenerse fiel con L. prestamos para asi poder seguir invirtiendo en su negocio. Su sueño es mejorar su condicion social y poder comprar un vehiculo granD., como una camioneta o camion.

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
  • 0
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    Dominican Republic Loans Fundraising
  • $7,912,075
    Funds lent in using Kiva
  • 36.6
    Dominican Republic Pesos (DOP) = $1 USD